Forex Trend Analysis Report
Prepared for you on Friday, January 19, 2018.
Canadian Dollar/Indian Rupee (FOREX:CADINR)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 CADINR
The long term trend has been DOWN since Nov 1st, 2017 at 50.1255
The intermediate term trend has been UP since Dec 28th, 2017 at 51.0155
The short term trend has been DOWN since Jan 19th, 2018 at 51.1400
Smart Scan Analysis for CADINR
Based on a pre-defined weighted trend formula for chart analysis, CADINR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).