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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.

FOREX_CADUSD
Open High Low CADUSD Price Change
0.75970 0.75990 0.75760 0.75854 -0.00116
Entry Signal

MarketClub’s Trade Triangles for CADUSD

long term up The long term trend has been UP since Jun 26th, 2019 at 0.7621

intermediate term down The intermediate term trend has been DOWN since Nov 11th, 2019 at 0.7550

short term up 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).

+65
Smart Scan Analysis for CADUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.75970 0.75990 0.75760 0.75854 -0.00116
Prev. Close Volume Bid Ask Time
0.75970 0.75849 0.75859 2019-12-12 13:35:49
Want to analyze Canadian Dollar/US Dollar CADUSD or another symbol? Try our Free Forex Trend Analysis Report.