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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.

FOREX_CADINR
Open High Low CADINR Price Change
60.647857 60.683476 60.395707 60.683476 +0.035619
Entry Signal

MarketClub’s Trade Triangles for CADINR

long term up The long-term trend has been UP since Oct 11th, 2021 at 60.537948

intermediate term up The intermediate-term trend has been UP since Sep 27th, 2021 at 58.486451

short term down 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).

+85
Smart Scan Analysis for CADINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
60.647857 60.683476 60.395707 60.683476 +0.035619
Prev. Close Volume Bid Ask Time
60.647857 2021-10-23 17:27:56
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