Forex Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
Canadian Dollar/US Dollar (FOREX:CADUSD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 Jan 22nd, 2020 at 0.7629
The short term trend has been UP since Jan 22nd, 2020 at 0.7671
Smart Scan Analysis for CADUSD
Based on a pre-defined weighted trend formula for chart analysis, CADUSD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).