Forex Trend Analysis Report
Prepared for you on Saturday, March 23, 2019.
Canadian Dollar/Indonesian Rupiah (FOREX:CADIDR)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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 CADIDR
The long term trend has been DOWN since Nov 20th, 2018 at 10990.60
The intermediate term trend has been DOWN since Mar 6th, 2019 at 10518.65
The short term trend has been DOWN since Mar 20th, 2019 at 10651.10
Smart Scan Analysis for CADIDR
Based on a pre-defined weighted trend formula for chart analysis, CADIDR scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).