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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Canadian Dollar/Indian Rupee (FOREX:CADINR)
Weak Downtrend (-65) - CADINR is showing signs of a strengthening downtrend. Monitor CADINR as it may be building momentum to the downside.
Is it time to buy, sell, or avoid CADINR?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADINR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for CADINR
The long-term trend has been DOWN since Mar 1st, 2024 at 60.950949
The intermediate-term trend has been DOWN since Apr 10th, 2024 at 60.990978
The short-term trend has been DOWN since May 7th, 2024 at 60.838734
Smart Scan Analysis for CADINR
Based on our trend formula, CADINR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 60.817893 | 60.998332 | 60.783237 | 60.992124 | +0.174231 |
| Prev. Close | Volume | Bid | Ask | Time |
| 60.817893 | 2024-05-09 11:45:12 |