Forex Trend Analysis Report
Prepared for you on Tuesday, March 9, 2021.
Indonesian Rupiah/Canadian Dollar (FOREX:IDRCAD)
Strong Downtrend (-100) - IDRCAD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution 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.
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 DOWN since Feb 16th, 2021 at 0.00009024
The short-term trend has been DOWN since Mar 5th, 2021 at 0.00008817
Smart Scan Analysis for IDRCAD
Based on our trend formula, IDRCAD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).