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.
MarketClub’s Trade Triangles for IDRCAD
The long term trend has been DOWN since Jan 30th, 2018 at 0.915245
The intermediate term trend has been DOWN since Mar 26th, 2018 at 0.927645
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).