Forex Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
Indian Rupee/Canadian Dollar (FOREX:INRCAD)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 INRCAD
The long term trend has been DOWN since Aug 5th, 2019 at 0.018888
The intermediate term trend has been UP since Sep 20th, 2019 at 0.018750
The short term trend has been UP since Sep 20th, 2019 at 0.018704
Smart Scan Analysis for INRCAD
Based on a pre-defined weighted trend formula for chart analysis, INRCAD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).