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Forex Trend Analysis Report

Prepared for you on Thursday, July 7, 2022.

Indonesian Rupiah/Canadian Dollar (FOREX:IDRCAD)

Countertrend Down (-85) - IDRCAD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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.

FOREX_IDRCAD
Open High Low IDRCAD Price Change
0.00008688 0.00008688 0.00008685 0.00008685 0.00000000
Entry Signal

MarketClub’s Trade Triangles for IDRCAD

long term down The long-term trend has been DOWN since Jul 4th, 2022 at 0.00008578

intermediate term down The intermediate-term trend has been DOWN since Jun 28th, 2022 at 0.00008618

short term up The short-term trend has been UP since Jul 6th, 2022 at 0.00008685

Smart Scan Analysis for IDRCAD

Based on our trend formula, IDRCAD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for IDRCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00008688 0.00008688 0.00008685 0.00008685 0.00000000
Prev. Close Volume Bid Ask Time
0.00008688 2022-07-07 00:55:59
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