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Forex Trend Analysis Report

Prepared for you on Wednesday, January 29, 2020.

Indonesian Rupiah/Canadian Dollar (FOREX:IDRCAD)

Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend 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.

FOREX_IDRCAD
Open High Low IDRCAD Price Change
0.9653871 0.9657601 0.9644114 0.9657134 +0.0003260
Entry Signal

MarketClub’s Trade Triangles for IDRCAD

long term up The long term trend has been UP since Sep 13th, 2019 at 0.9497650

intermediate term up The intermediate term trend has been UP since Jan 10th, 2020 at 0.9478774

short term up The short term trend has been UP since Jan 23rd, 2020 at 0.9657018

Smart Scan Analysis for IDRCAD

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

+100
Smart Scan Analysis for IDRCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.9653871 0.9657601 0.9644114 0.9657134 +0.0003260
Prev. Close Volume Bid Ask Time
0.9653871 0.9656202 0.9658066 2020-01-29 06:56:47
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