Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Monday, June 24, 2019.

Euro/Canadian Dollar (FOREX:EURCAD)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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_EURCAD
Open High Low EURCAD Price Change
1.50160 1.50272 1.50040 1.50268 +0.00108
Entry Signal

MarketClub’s Trade Triangles for EURCAD

long term down The long term trend has been DOWN since Jun 20th, 2019 at 1.49040

intermediate term down The intermediate term trend has been DOWN since May 19th, 2019 at 1.49920

short term down The short term trend has been DOWN since Jun 18th, 2019 at 1.49963

Smart Scan Analysis for EURCAD

Based on a pre-defined weighted trend formula for chart analysis, EURCAD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for EURCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.50160 1.50272 1.50040 1.50268 +0.00108
Prev. Close Volume Bid Ask Time
1.50160 1.50254 1.50282 2019-06-24 09:33:23
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