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Forex Trend Analysis Report

Prepared for you on Monday, August 19, 2019.

Canadian Dollar/US Dollar (FOREX:CADUSD)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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_CADUSD
Open High Low CADUSD Price Change
0.75349 0.75410 0.75270 0.75360 +0.00011
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 Jul 23rd, 2019 at 0.7603

short term down The short term trend has been DOWN since Aug 6th, 2019 at 0.7540

Smart Scan Analysis for CADUSD

Based on a pre-defined weighted trend formula for chart analysis, CADUSD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for CADUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.75349 0.75410 0.75270 0.75360 +0.00011
Prev. Close Volume Bid Ask Time
0.75349 0.75340 0.75380 2019-08-19 03:40:50
Want to analyze Canadian Dollar/US Dollar CADUSD or another symbol? Try our Free Forex Trend Analysis Report.