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Forex Trend Analysis Report
Prepared for you on Friday, October 11, 2024.
Canadian Dollar/Indian Rupee (FOREX:CADINR)
Crossroads (-60) - CADINR is struggling to move into a solid trend. Beware of choppy markets 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.
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MarketClub’s Trade Triangles for CADINR
The long-term trend has been UP since Aug 27th, 2024 at 62.291292
The intermediate-term trend has been DOWN since Oct 8th, 2024 at 61.359448
The short-term trend has been DOWN since Oct 4th, 2024 at 61.909181
Smart Scan Analysis for CADINR
Based on our trend formula, CADINR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 61.035354 | 61.108101 | 61.035354 | 61.101178 | +0.065824 |
| Prev. Close | Volume | Bid | Ask | Time |
| 61.035354 | 2024-10-11 02:28:42 |