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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.

FOREX_INRCAD
Open High Low INRCAD Price Change
0.01655781 0.01655781 0.01655781 0.01655781 0.00000000
Entry Signal

MarketClub’s Trade Triangles for INRCAD

long term down The long-term trend has been DOWN since Jun 1st, 2020 at 0.01809698

intermediate term down The intermediate-term trend has been DOWN since Apr 7th, 2021 at 0.01705645

short term up 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).

-85
Smart Scan Analysis for INRCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01655781 0.01655781 0.01655781 0.01655781 0.00000000
Prev. Close Volume Bid Ask Time
0.01655781 2021-05-09 05:53:25
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