Analyze Symbol

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.

FOREX_SDRCAD
Open High Low SDRCAD Price Change
1.8244 1.8244 1.8244 1.8244 0.0000
Entry Signal

MarketClub’s Trade Triangles for SDRCAD

long term down The long term trend has been DOWN since Jun 9th, 2019 at 1.8472

intermediate term up The intermediate term trend has been UP since Aug 1st, 2019 at 1.8164

short term up 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).

+50
Smart Scan Analysis for SDRCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.8244 1.8244 1.8244 1.8244 0.0000
Prev. Close Volume Bid Ask Time
1.8348 1.8244 1.8244 2019-08-23 08:49:22
Want to analyze Special Drawing Right/Canadian Dollar SDRCAD or another symbol? Try our Free Forex Trend Analysis Report.