Forex Trend Analysis Report
Prepared for you on Thursday, November 30, 2023.
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 30th, 2023 at 11653.923
The intermediate-term trend has been UP since Nov 30th, 2023 at 11444.326
The short-term trend has been UP since Nov 30th, 2023 at 11415.224
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).