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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.

FOREX_CADINR
Open High Low CADINR Price Change
51.4735 51.6840 51.2765 51.5220 +0.0485
Entry Signal

MarketClub’s Trade Triangles for CADINR

long term down The long term trend has been DOWN since Nov 30th, 2018 at 52.3815

intermediate term down The intermediate term trend has been DOWN since Mar 4th, 2019 at 53.2055

short term down 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).

-100
Smart Scan Analysis for CADINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
51.4735 51.6840 51.2765 51.5220 +0.0485
Prev. Close Volume Bid Ask Time
51.5220 51.4690 51.5750 2019-03-22 19:26:10
Want to analyze Canadian Dollar/Indian Rupee CADINR or another symbol? Try our Free Forex Trend Analysis Report.