Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2020.
Canadian Dollar/Indian Rupee (FOREX:CADINR)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight 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.
MarketClub’s Trade Triangles for CADINR
The long term trend has been UP since Aug 5th, 2019 at 52.945500
The intermediate term trend has been UP since Dec 19th, 2019 at 54.222846
The short term trend has been DOWN since Jan 20th, 2020 at 54.359430
Smart Scan Analysis for CADINR
Based on a pre-defined weighted trend formula for chart analysis, CADINR scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).