Forex Trend Analysis Report
Prepared for you on Thursday, August 18, 2022.
Canadian Dollar/Pakistani Rupee (FOREX:CADPKR)
Sidelines Mode (+55) - CADPKR 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 CADPKR?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADPKR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CADPKR
The long-term trend has been UP since May 24th, 2021 at 127.20411
The intermediate-term trend has been UP since Feb 28th, 2022 at 138.57733
The short-term trend has been DOWN since Aug 10th, 2022 at 173.96969
Smart Scan Analysis for CADPKR
Based on our trend formula, CADPKR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).