Forex Trend Analysis Report
Prepared for you on Thursday, January 17, 2019.
Canadian Dollar/Indian Rupee (FOREX:CADINR)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 DOWN since Nov 30th, 2018 at 52.3815
The intermediate term trend has been UP since Jan 15th, 2019 at 53.5105
The short term trend has been UP since Jan 1st, 2019 at 51.5095
Smart Scan Analysis for CADINR
Based on a pre-defined weighted trend formula for chart analysis, CADINR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).