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Forex Trend Analysis Report

Prepared for you on Saturday, June 15, 2024.

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
60.772678 60.810429 60.772678 60.772678 0.000000
Entry Signal

MarketClub’s Trade Triangles for CADINR

long term up The long-term trend has been UP since Jun 4th, 2024 at 61.876032

intermediate term up The intermediate-term trend has been UP since Jun 4th, 2024 at 61.389622

short term down The short-term trend has been DOWN since Jun 10th, 2024 at 60.652145

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
60.772678 60.810429 60.772678 60.772678 0.000000
Prev. Close Volume Bid Ask Time
60.772678 2024-06-15 06:10:54
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