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Forex Trend Analysis Report
Prepared for you on Friday, April 19, 2024.
Canadian Dollar/Indian Rupee (FOREX:CADINR)
Strong Downtrend (-100) - CADINR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CADINR continues to fall. Traders should use caution and set stops.
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 Apr 5th, 2024 at 61.308775
Smart Scan Analysis for CADINR
Based on our trend formula, CADINR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 60.604427 | 60.749903 | 60.577185 | 60.632366 | +0.027939 |
| Prev. Close | Volume | Bid | Ask | Time |
| 60.604427 | 2024-04-19 16:57:19 |