Forex Trend Analysis Report
Prepared for you on Sunday, January 21, 2018.
Indonesian Rupiah/Canadian Dollar (FOREX:IDRCAD)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 IDRCAD
The long term trend has been UP since Sep 25th, 2017 at 1.021900
The intermediate term trend has been DOWN since Dec 3rd, 2017 at 0.936115
The short term trend has been UP since Jan 19th, 2018 at 0.937715
Smart Scan Analysis for IDRCAD
Based on a pre-defined weighted trend formula for chart analysis, IDRCAD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).