Forex Trend Analysis Report
Prepared for you on Sunday, July 15, 2018.
Canadian Dollar/Indian Rupee (FOREX:CADINR)
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 CADINR
The long term trend has been UP since Apr 17th, 2018 at 52.2455
The intermediate term trend has been UP since Jul 3rd, 2018 at 52.2460
The short term trend has been DOWN since Jul 10th, 2018 at 52.3315
Smart Scan Analysis for CADINR
Based on a pre-defined weighted trend formula for chart analysis, CADINR scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).