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Forex Trend Analysis Report

Prepared for you on Thursday, October 21, 2021.

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.

FOREX_IDRCAD
Open High Low IDRCAD Price Change
0.00008759 0.00008779 0.00008733 0.00008733 0.00000000
Entry Signal

MarketClub’s Trade Triangles for IDRCAD

long term down The long-term trend has been DOWN since Aug 10th, 2020 at 0.91022090

intermediate term down The intermediate-term trend has been DOWN since Oct 18th, 2021 at 0.00008668

short term down The short-term trend has been DOWN since Oct 18th, 2021 at 0.00008697

Smart Scan Analysis for IDRCAD

Based on our trend formula, IDRCAD is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-80
Smart Scan Analysis for IDRCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00008759 0.00008779 0.00008733 0.00008733 0.00000000
Prev. Close Volume Bid Ask Time
0.00008759 2021-10-21 08:14:11
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