Forex Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
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.
MarketClub’s Trade Triangles for CADINR
The long-term trend has been DOWN since Oct 5th, 2023 at 60.447933
The intermediate-term trend has been UP since Nov 23rd, 2023 at 61.044530
The short-term trend has been DOWN since Dec 5th, 2023 at 61.468311
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).