Forex Trend Analysis Report
Prepared for you on Thursday, June 20, 2019.
Indonesian Rupiah/Canadian Dollar (FOREX:IDRCAD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 IDRCAD
The long term trend has been DOWN since Apr 26th, 2019 at 0.92686
The intermediate term trend has been UP since May 31st, 2019 at 0.94978
The short term trend has been DOWN since Jun 19th, 2019 at 0.93090
Smart Scan Analysis for IDRCAD
Based on a pre-defined weighted trend formula for chart analysis, IDRCAD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).