Forex Trend Analysis Report
Prepared for you on Tuesday, July 17, 2018.
Canadian Dollar/Indonesian Rupiah (FOREX:CADIDR)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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.
MarketClub’s Trade Triangles for CADIDR
The long term trend has been DOWN since Jun 19th, 2018 at 10462.00
The intermediate term trend has been UP since Jun 28th, 2018 at 10868.50
The short term trend has been UP since Jul 17th, 2018 at 10953.95
Smart Scan Analysis for CADIDR
Based on a pre-defined weighted trend formula for chart analysis, CADIDR scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).