Forex Trend Analysis Report
Prepared for you on Thursday, December 12, 2019.
Canadian Dollar/US Dollar (FOREX:CADUSD)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 CADUSD
The long term trend has been UP since Jun 26th, 2019 at 0.7621
The intermediate term trend has been DOWN since Nov 11th, 2019 at 0.7550
The short term trend has been UP since Dec 4th, 2019 at 0.7537
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).