Forex Trend Analysis Report
Prepared for you on Saturday, December 15, 2018.
Indonesian Rupiah/Canadian Dollar (FOREX:IDRCAD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 IDRCAD
The long term trend has been UP since Nov 20th, 2018 at 0.909900
The intermediate term trend has been UP since Oct 22nd, 2018 at 0.867845
The short term trend has been DOWN since Dec 7th, 2018 at 0.919335
Smart Scan Analysis for IDRCAD
Based on a pre-defined weighted trend formula for chart analysis, IDRCAD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).