Forex Trend Analysis Report
Prepared for you on Thursday, September 19, 2019.
Indonesian Rupiah/Canadian Dollar (FOREX:IDRCAD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 IDRCAD
The long term trend has been UP since Sep 13th, 2019 at 0.949765
The intermediate term trend has been UP since Jul 22nd, 2019 at 0.938635
The short term trend has been DOWN since Sep 17th, 2019 at 0.939975
Smart Scan Analysis for IDRCAD
Based on a pre-defined weighted trend formula for chart analysis, IDRCAD scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).