Forex Trend Analysis Report
Prepared for you on Friday, February 22, 2019.
Canadian Dollar/Special Drawing Right (FOREX:CADSDR)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 CADSDR
The long term trend has been DOWN since Dec 6th, 2018 at 0.54219
The intermediate term trend has been UP since Jan 7th, 2019 at 0.53886
The short term trend has been UP since Feb 20th, 2019 at 0.54539
Smart Scan Analysis for CADSDR
Based on a pre-defined weighted trend formula for chart analysis, CADSDR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).