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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.
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MarketClub’s Trade Triangles for CADLFX
The long-term trend has been DOWN since Feb 27th, 2020 at 1.5297
The intermediate-term trend has been DOWN since Jul 9th, 2020 at 1.4885
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).
| 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 |