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Forex Trend Analysis Report

Prepared for you on Sunday, January 19, 2020.

Canadian Dollar/Indian Rupee (FOREX:CADINR)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management 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_CADINR
Open High Low CADINR Price Change
54.369879 54.369879 54.369879 54.369879 0.000000
Entry Signal

MarketClub’s Trade Triangles for CADINR

long term up The long term trend has been UP since Aug 5th, 2019 at 52.945500

intermediate term up The intermediate term trend has been UP since Dec 19th, 2019 at 54.222846

short term up The short term trend has been UP since Jan 16th, 2020 at 54.376146

Smart Scan Analysis for CADINR

Based on a pre-defined weighted trend formula for chart analysis, CADINR scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+80
Smart Scan Analysis for CADINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
54.369879 54.369879 54.369879 54.369879 0.000000
Prev. Close Volume Bid Ask Time
54.369879 54.316755 54.423003 2020-01-19 04:16:29
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