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Forex Trend Analysis Report

Prepared for you on Tuesday, February 19, 2019.

Canadian Dollar/US Dollar (FOREX:CADUSD)

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_CADUSD
Open High Low CADUSD Price Change
0.75408 0.75530 0.75270 0.75521 +0.00113
Entry Signal

MarketClub’s Trade Triangles for CADUSD

long term down The long term trend has been DOWN since Nov 9th, 2018 at 0.7561

intermediate term up The intermediate term trend has been UP since Jan 6th, 2019 at 0.7481

short term down The short term trend has been DOWN since Feb 14th, 2019 at 0.7507

Smart Scan Analysis for CADUSD

Based on a pre-defined weighted trend formula for chart analysis, CADUSD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-65
Smart Scan Analysis for CADUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.75408 0.75530 0.75270 0.75521 +0.00113
Prev. Close Volume Bid Ask Time
0.75408 0.75516 0.75526 2019-02-19 13:36:05
Want to analyze Canadian Dollar/US Dollar CADUSD or another symbol? Try our Free Forex Trend Analysis Report.