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Forex Trend Analysis Report

Prepared for you on Wednesday, April 25, 2018.

Indonesian Rupiah/Canadian Dollar (FOREX:IDRCAD)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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.

FOREX_IDRCAD
Open High Low IDRCAD Price Change
0.925650 0.926405 0.919545 0.920075 -0.005575
Entry Signal

MarketClub’s Trade Triangles for IDRCAD

long term down The long term trend has been DOWN since Jan 30th, 2018 at 0.915245

intermediate term down The intermediate term trend has been DOWN since Mar 26th, 2018 at 0.927645

short term up The short term trend has been UP since Apr 20th, 2018 at 0.919560

Smart Scan Analysis for IDRCAD

Based on a pre-defined weighted trend formula for chart analysis, IDRCAD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for IDRCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.925650 0.926405 0.919545 0.920075 -0.005575
Prev. Close Volume Bid Ask Time
0.925650 0.919780 0.920370 2018-04-25 23:33:52
Want to analyze Indonesian Rupiah/Canadian Dollar IDRCAD or another symbol? Try our Free Forex Trend Analysis Report.