Forex Trend Analysis Report
Prepared for you on Monday, April 23, 2018.
Canadian Dollar/Indonesian Rupiah (FOREX:CADIDR)
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.
MarketClub’s Trade Triangles for CADIDR
The long term trend has been UP since Jan 31st, 2018 at 10926
The intermediate term trend has been UP since Mar 26th, 2018 at 10780
The short term trend has been DOWN since Apr 20th, 2018 at 10879
Smart Scan Analysis for CADIDR
Based on a pre-defined weighted trend formula for chart analysis, CADIDR scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).