Forex Trend Analysis Report
Prepared for you on Monday, March 20, 2023.
Indian Rupee/Canadian Dollar (FOREX:INRCAD)
Sidelines Mode (+55) - INRCAD 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 INRCAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for INRCAD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for INRCAD
The long-term trend has been UP since Mar 3rd, 2023 at 0.01665006
The intermediate-term trend has been UP since Feb 24th, 2023 at 0.01644366
The short-term trend has been DOWN since Mar 20th, 2023 at 0.01657611
Smart Scan Analysis for INRCAD
Based on our trend formula, INRCAD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).