Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

Canadian Dollar/Indonesian Rupiah (FOREX:CADIDR)

Weak Uptrend (+65) - CADIDR is showing signs of weakening momentum to the upside. Monitor CADIDR as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid CADIDR?

MarketClub looks at technical strength and momentum to determine if the timing is right for CADIDR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CADIDR
Open High Low CADIDR Price Change
11706.043 11731.646 11684.194 11714.380 +8.337
Entry Signal

MarketClub’s Trade Triangles for CADIDR

long term up The long-term trend has been UP since Nov 30th, 2023 at 11653.923

intermediate term up The intermediate-term trend has been UP since Apr 16th, 2024 at 11804.397

short term down The short-term trend has been DOWN since Apr 30th, 2024 at 11842.425

Smart Scan Analysis for CADIDR

Based on our trend formula, CADIDR is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for CADIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11706.043 11731.646 11684.194 11714.380 +8.337
Prev. Close Volume Bid Ask Time
11706.043 2024-05-09 15:21:30
Get a free daily analysis and signals for Canadian Dollar/Indonesian Rupiah (CADIDR) - Request Your Free Report.