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.
MarketClub’s Trade Triangles for CADSDR
The long term trend has been UP since Jun 9th, 2019 at 0.54136
The intermediate term trend has been DOWN since Aug 1st, 2019 at 0.55055
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).