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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Indian Rupee/Canadian Dollar (FOREX:INRCAD)
Bull Market Weakness (+75) - INRCAD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on INRCAD as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid INRCAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for INRCAD.
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 INRCAD
The long-term trend has been UP since Mar 1st, 2024 at 0.01640793
The intermediate-term trend has been UP since Apr 10th, 2024 at 0.01639734
The short-term trend has been UP since May 7th, 2024 at 0.01643985
Smart Scan Analysis for INRCAD
Based on our trend formula, INRCAD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.01644334 | 0.01645108 | 0.01639227 | 0.01639625 | -0.00004700 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.01644334 | 2024-05-09 13:50:24 |