Forex Trend Analysis Report
Prepared for you on Saturday, November 18, 2017.
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 positive trend to resume. Uptrend 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 UP since Sep 25th, 2017 at 1.021900
The intermediate term trend has been UP since Sep 25th, 2017 at 0.932825
The short term trend has been DOWN since Nov 16th, 2017 at 0.937540
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).