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Forex Trend Analysis Report

Prepared for you on Monday, February 18, 2019.

US Dollar/Canadian Dollar (FOREX:USDCAD)

Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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
1.323085 1.324205 1.322750 1.323305 +0.000220
Entry Signal

MarketClub’s Trade Triangles for USDCAD

long term up The long term trend has been UP since Nov 9th, 2018 at 1.322130

intermediate term down The intermediate term trend has been DOWN since Jan 6th, 2019 at 1.337315

short term up The short term trend has been UP since Feb 14th, 2019 at 1.331325

Smart Scan Analysis for USDCAD

Based on a pre-defined weighted trend formula for chart analysis, USDCAD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+65
Smart Scan Analysis for USDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.323085 1.324205 1.322750 1.323305 +0.000220
Prev. Close Volume Bid Ask Time
1.323085 1.323220 1.323390 2019-02-18 06:53:32
Want to analyze US Dollar/Canadian Dollar USDCAD or another symbol? Try our Free Forex Trend Analysis Report.