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Forex Trend Analysis Report

Prepared for you on Wednesday, February 20, 2019.

Canadian Dollar/ (FOREX:CADLFX)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

Open High Low CADLFX Price Change
1.5324 1.5334 1.5320 1.5333 +0.0009
Entry Signal

MarketClub’s Trade Triangles for CADLFX

long term down The long term trend has been DOWN since Dec 6th, 2018 at 1.5185

intermediate term up The intermediate term trend has been UP since Jan 18th, 2019 at 1.5248

short term up The short term trend has been UP since Feb 20th, 2019 at 1.5333

Smart Scan Analysis for CADLFX

Based on a pre-defined weighted trend formula for chart analysis, CADLFX scored +70 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
1.5324 1.5334 1.5320 1.5333 +0.0009
Prev. Close Volume Bid Ask Time
1.5324 1.5328 1.5338 2019-02-20 04:14:56
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