Forex Trend Analysis Report
Prepared for you on Wednesday, January 17, 2018.
Indian Rupee/Canadian Dollar (FOREX:INRCAD)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 INRCAD
The long term trend has been UP since Nov 1st, 2017 at 0.01994
The intermediate term trend has been DOWN since Dec 28th, 2017 at 0.01961
The short term trend has been DOWN since Jan 15th, 2018 at 0.01958
Smart Scan Analysis for INRCAD
Based on a pre-defined weighted trend formula for chart analysis, INRCAD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).