Forex Trend Analysis Report
Prepared for you on Thursday, April 9, 2020.
Indonesian Rupiah/Canadian Dollar (FOREX:IDRCAD)
Sidelines Mode (-55) - IDRCAD 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 IDRCAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for IDRCAD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for IDRCAD
The long-term trend has been DOWN since Mar 17th, 2020 at 0.9279970
The intermediate-term trend has been DOWN since Mar 15th, 2020 at 0.9337673
The short-term trend has been UP since Apr 9th, 2020 at 0.8698534
Smart Scan Analysis for IDRCAD
Based on our trend formula, IDRCAD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).