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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.

FOREX_INRCAD
Open High Low INRCAD Price Change
0.019415 0.019495 0.019415 0.019480 +0.000065
Entry Signal

MarketClub’s Trade Triangles for INRCAD

long term up The long term trend has been UP since Nov 1st, 2017 at 0.01994

intermediate term down The intermediate term trend has been DOWN since Dec 28th, 2017 at 0.01961

short term down 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).

-60
Smart Scan Analysis for INRCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.019415 0.019495 0.019415 0.019480 +0.000065
Prev. Close Volume Bid Ask Time
0.019415 0.019480 0.019480 2018-01-17 09:22:12
Want to analyze Indian Rupee/Canadian Dollar INRCAD or another symbol? Try our Free Forex Trend Analysis Report.