Forex Trend Analysis Report
Prepared for you on Saturday, March 23, 2019.
Canadian Dollar/Indian Rupee (FOREX:CADINR)
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 CADINR
The long term trend has been DOWN since Nov 30th, 2018 at 52.3815
The intermediate term trend has been DOWN since Mar 4th, 2019 at 53.2055
The short term trend has been DOWN since Mar 15th, 2019 at 51.8640
Smart Scan Analysis for CADINR
Based on a pre-defined weighted trend formula for chart analysis, CADINR scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).