Forex Trend Analysis Report
Prepared for you on Friday, September 21, 2018.
Indian Rupee/Canadian Dollar (FOREX:INRCAD)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DOWN since Jul 1st, 2018 at 0.019145
The short term trend has been DOWN since Sep 5th, 2018 at 0.018339
Smart Scan Analysis for INRCAD
Based on a pre-defined weighted trend formula for chart analysis, INRCAD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).