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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.

FOREX_IDRCAD
Open High Low IDRCAD Price Change
0.8665381 0.8870728 0.8659324 0.8870728 +0.0205350
Entry Signal

MarketClub’s Trade Triangles for IDRCAD

long term down The long-term trend has been DOWN since Mar 17th, 2020 at 0.9279970

intermediate term down The intermediate-term trend has been DOWN since Mar 15th, 2020 at 0.9337673

short term up 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).

-55
Smart Scan Analysis for IDRCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.8665381 0.8870728 0.8659324 0.8870728 +0.0205350
Prev. Close Volume Bid Ask Time
0.8665381 0.8870291 0.8871164 2020-04-09 07:26:08
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