Forex Trend Analysis Report
Prepared for you on Tuesday, December 7, 2021.
Canadian Dollar/Indonesian Rupiah (FOREX:CADIDR)
Long-Term Uptrend (+90) - CADIDR is in a strong uptrend that is likely to continue. While CADIDR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
MarketClub’s Trade Triangles for CADIDR
The long-term trend has been UP since Nov 3rd, 2021 at 11596.991
The intermediate-term trend has been UP since Dec 7th, 2021 at 11383.756
The short-term trend has been UP since Dec 6th, 2021 at 11346.442
Smart Scan Analysis for CADIDR
Based on our trend formula, CADIDR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).