Forex Trend Analysis Report
Prepared for you on Monday, June 18, 2018.
Indian Rupee/Canadian Dollar (FOREX:INRCAD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 INRCAD
The long term trend has been DOWN since Apr 17th, 2018 at 0.019140
The intermediate term trend has been UP since Jun 1st, 2018 at 0.019350
The short term trend has been DOWN since Jun 14th, 2018 at 0.019165
Smart Scan Analysis for INRCAD
Based on a pre-defined weighted trend formula for chart analysis, INRCAD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).