Analyze Symbol

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.

FOREX_CADSDR
Open High Low CADSDR Price Change
0.54375 0.54375 0.54375 0.54375 0.00000
Entry Signal

MarketClub’s Trade Triangles for CADSDR

long term down The long term trend has been DOWN since Dec 6th, 2018 at 0.54219

intermediate term up The intermediate term trend has been UP since Jan 7th, 2019 at 0.53886

short term up 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).

+60
Smart Scan Analysis for CADSDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.54375 0.54375 0.54375 0.54375 0.00000
Prev. Close Volume Bid Ask Time
0.54375 0.54375 0.54375 2019-02-21 21:03:53
Want to analyze Canadian Dollar/Special Drawing Right CADSDR or another symbol? Try our Free Forex Trend Analysis Report.