Forex Trend Analysis Report
Prepared for you on Tuesday, September 17, 2019.
Canadian Dollar/Saudi Arabian Riyal (FOREX:CADSAR)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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.
MarketClub’s Trade Triangles for CADSAR
The long term trend has been UP since Jun 26th, 2019 at 2.8570
The intermediate term trend has been UP since Sep 4th, 2019 at 2.8416
The short term trend has been DOWN since Sep 11th, 2019 at 2.8434
Smart Scan Analysis for CADSAR
Based on a pre-defined weighted trend formula for chart analysis, CADSAR scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).