Forex Trend Analysis Report
Prepared for you on Thursday, December 13, 2018.
Indian Rupee/Canadian Dollar (FOREX:INRCAD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 UP since Nov 30th, 2018 at 0.019093
The intermediate term trend has been UP since Oct 24th, 2018 at 0.017881
The short term trend has been DOWN since Dec 10th, 2018 at 0.018697
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).