Forex Trend Analysis Report
Prepared for you on Sunday, February 23, 2020.
Canadian Dollar/Indian Rupee (FOREX:CADINR)
Long-Term Uptrend (+90) - CADINR is in a strong uptrend that is likely to continue. While CADINR 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 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 Aug 5th, 2019 at 52.945500
The intermediate-term trend has been UP since Feb 20th, 2020 at 54.262400
The short-term trend has been UP since Feb 13th, 2020 at 53.730154
Smart Scan Analysis for CADINR
Based on our trend formula, CADINR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).