Forex Trend Analysis Report
Prepared for you on Sunday, May 9, 2021.
Indian Rupee/Canadian Dollar (FOREX:INRCAD)
Countertrend Down (-85) - INRCAD 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 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 DOWN since Jun 1st, 2020 at 0.01809698
The intermediate-term trend has been DOWN since Apr 7th, 2021 at 0.01705645
The short-term trend has been UP since Apr 16th, 2021 at 0.01681404
Smart Scan Analysis for INRCAD
Based on our trend formula, INRCAD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).