Forex Trend Analysis Report
Prepared for you on Thursday, November 15, 2018.
Canadian Dollar/Indonesian Rupiah (FOREX:CADIDR)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 Aug 3rd, 2018 at 11161.80
The intermediate term trend has been DOWN since Nov 1st, 2018 at 11513.10
The short term trend has been DOWN since Nov 15th, 2018 at 11115.45
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).