Analyze Symbol
Forex Trend Analysis Report
Prepared for you on Thursday, January 23, 2020.
US Dollar/Canadian Dollar (FOREX:USDCAD)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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.
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MarketClub’s Trade Triangles for USDCAD
The long term trend has been DOWN since Jun 26th, 2019 at 1.31305
The intermediate term trend has been UP since Jan 22nd, 2020 at 1.31035
The short term trend has been UP since Jan 23rd, 2020 at 1.31705
Smart Scan Analysis for USDCAD
Based on a pre-defined weighted trend formula for chart analysis, USDCAD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.31649 | 1.31725 | 1.31501 | 1.31548 | -0.00101 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.31649 | 1.31545 | 1.31551 | 2020-01-23 09:58:59 |