Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Wednesday, July 17, 2019.

US Dollar/Canadian Dollar (FOREX:USDCAD)

Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management 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_USDCAD
Open High Low USDCAD Price Change
1.308355 1.308450 1.303650 1.305870 -0.002485
Entry Signal

MarketClub’s Trade Triangles for USDCAD

long term down The long term trend has been DOWN since Jun 26th, 2019 at 1.31305

intermediate term down The intermediate term trend has been DOWN since Jun 6th, 2019 at 1.33585

short term up The short term trend has been UP since Jul 16th, 2019 at 1.30605

Smart Scan Analysis for USDCAD

Based on a pre-defined weighted trend formula for chart analysis, USDCAD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-75
Smart Scan Analysis for USDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.308355 1.308450 1.303650 1.305870 -0.002485
Prev. Close Volume Bid Ask Time
1.308355 1.305840 1.305900 2019-07-17 21:18:03
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