Forex Trend Analysis Report
Prepared for you on Sunday, August 25, 2019.
Special Drawing Right/Canadian Dollar (FOREX:SDRCAD)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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 SDRCAD
The long term trend has been DOWN since Jun 9th, 2019 at 1.8472
The intermediate term trend has been UP since Aug 1st, 2019 at 1.8164
The short term trend has been UP since Aug 1st, 2019 at 1.8164
Smart Scan Analysis for SDRCAD
Based on a pre-defined weighted trend formula for chart analysis, SDRCAD scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).