Forex Trend Analysis Report
Prepared for you on Saturday, October 23, 2021.
Canadian Dollar/Indian Rupee (FOREX:CADINR)
Countertrend Up (+85) - CADINR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
MarketClub’s Trade Triangles for CADINR
The long-term trend has been UP since Oct 11th, 2021 at 60.537948
The intermediate-term trend has been UP since Sep 27th, 2021 at 58.486451
The short-term trend has been DOWN since Oct 20th, 2021 at 60.662424
Smart Scan Analysis for CADINR
Based on our trend formula, CADINR is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).