Forex Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
Indonesian Rupiah/Canadian Dollar (FOREX:IDRCAD)
Bear Market Rally (-75) - IDRCAD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on IDRCAD as it may be in the beginning of a reversal.
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 Aug 10th, 2020 at 0.91022090
The intermediate-term trend has been UP since Nov 6th, 2020 at 0.00009153
The short-term trend has been DOWN since Nov 30th, 2020 at 0.00009211
Smart Scan Analysis for IDRCAD
Based on our trend formula, IDRCAD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).