Forex Trend Analysis Report
Prepared for you on Saturday, March 6, 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 Jun 1st, 2020 at 55.258212
The intermediate-term trend has been UP since Feb 15th, 2021 at 57.485170
The short-term trend has been DOWN since Mar 3rd, 2021 at 57.723270
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).