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.

FOREX_USDCAD
Open High Low USDCAD Price Change
1.31649 1.31725 1.31501 1.31548 -0.00101
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 up The intermediate term trend has been UP since Jan 22nd, 2020 at 1.31035

short term up 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).

+60
Smart Scan Analysis for USDCAD
Strong Downtrend Sideways 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
Get a free daily report for US Dollar/Canadian Dollar (USDCAD) - Free Trend Analysis Report.