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Forex Trend Analysis Report

Prepared for you on Friday, December 8, 2023.

Canadian Dollar/Indian Rupee (FOREX:CADINR)

Sidelines Mode (+55) - CADINR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

FOREX_CADINR
Open High Low CADINR Price Change
61.411375 61.566199 61.326630 61.430746 +0.019371
Entry Signal

MarketClub’s Trade Triangles for CADINR

long term down The long-term trend has been DOWN since Oct 5th, 2023 at 60.447933

intermediate term up The intermediate-term trend has been UP since Nov 23rd, 2023 at 61.044530

short term down The short-term trend has been DOWN since Dec 5th, 2023 at 61.468311

Smart Scan Analysis for CADINR

Based on our trend formula, CADINR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for CADINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
61.411375 61.566199 61.326630 61.430746 +0.019371
Prev. Close Volume Bid Ask Time
61.411375 2023-12-08 15:14:38
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