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Forex Trend Analysis Report

Prepared for you on Wednesday, August 5, 2020.

Canadian Dollar/Khazanah Sukuk (FOREX:CADLFX)

Countertrend Down (-85) - CADLFX is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

Is it time to buy, sell, or avoid CADLFX?

MarketClub looks at technical strength and momentum to determine if the timing is right for CADLFX.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open High Low CADLFX Price Change
1.4828 1.4847 1.4827 1.4833 +0.0005
Entry Signal

MarketClub’s Trade Triangles for CADLFX

long term down The long-term trend has been DOWN since Feb 27th, 2020 at 1.5297

intermediate term down The intermediate-term trend has been DOWN since Jul 9th, 2020 at 1.4885

short term up The short-term trend has been UP since Aug 3rd, 2020 at 1.4796

Smart Scan Analysis for CADLFX

Based on our trend formula, CADLFX is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for CADLFX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.4828 1.4847 1.4827 1.4833 +0.0005
Prev. Close Volume Bid Ask Time
1.4828 1.4828 1.4838 2020-08-05 09:01:54
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