Forex Trend Analysis Report
Prepared for you on Monday, September 24, 2018.
Indonesian Rupiah/Canadian Dollar (FOREX:IDRCAD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 DOWN since Aug 3rd, 2018 at 0.895525
The intermediate term trend has been DOWN since Jun 28th, 2018 at 0.920310
The short term trend has been UP since Sep 24th, 2018 at 0.875405
Smart Scan Analysis for IDRCAD
Based on a pre-defined weighted trend formula for chart analysis, IDRCAD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).