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Forex Trend Analysis Report

Prepared for you on Tuesday, August 20, 2019.

Canadian Dollar/Special Drawing Right (FOREX:CADSDR)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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.

FOREX_CADSDR
Open High Low CADSDR Price Change
0.54763 0.54763 0.54763 0.54763 0.00000
Entry Signal

MarketClub’s Trade Triangles for CADSDR

long term up The long term trend has been UP since Jun 9th, 2019 at 0.54136

intermediate term down The intermediate term trend has been DOWN since Aug 1st, 2019 at 0.55055

short term down The short term trend has been DOWN since Aug 1st, 2019 at 0.55055

Smart Scan Analysis for CADSDR

Based on a pre-defined weighted trend formula for chart analysis, CADSDR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for CADSDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.54763 0.54763 0.54763 0.54763 0.00000
Prev. Close Volume Bid Ask Time
0.54763 0.54763 0.54763 2019-08-18 20:19:24
Want to analyze Canadian Dollar/Special Drawing Right CADSDR or another symbol? Try our Free Forex Trend Analysis Report.