Forex Trend Analysis Report
Prepared for you on Sunday, August 18, 2019.
Canadian Dollar/Khazanah Sukuk (FOREX:CADLFX)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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.
MarketClub’s Trade Triangles for CADLFX
The long term trend has been UP since Jun 20th, 2019 at 1.5390
The intermediate term trend has been DOWN since Aug 5th, 2019 at 1.5451
The short term trend has been DOWN since Aug 13th, 2019 at 1.5406
Smart Scan Analysis for CADLFX
Based on a pre-defined weighted trend formula for chart analysis, CADLFX scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).