Forex Trend Analysis Report
Prepared for you on Monday, September 25, 2017.
Indonesian Rupiah/Canadian Dollar (FOREX:IDRCAD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 DOWN since Jun 19th, 2017 at 0.993000
The intermediate term trend has been DOWN since Aug 25th, 2017 at 0.935095
The short term trend has been UP since Sep 18th, 2017 at 0.923770
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).