Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
Indian Rupee/Canadian Dollar (FOREX:INRCAD)
Crossroads (-60) - INRCAD is struggling to move into a solid trend. Beware of choppy markets 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 Sep 12th, 2023 at 0.01651039
The intermediate-term trend has been DOWN since Nov 16th, 2023 at 0.01638246
The short-term trend has been DOWN since Nov 21st, 2023 at 0.01643510
Smart Scan Analysis for INRCAD
Based on our trend formula, INRCAD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).