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Forex Trend Analysis Report

Prepared for you on Thursday, May 23, 2024.

Canadian Dollar/Indonesian Rupiah (FOREX:CADIDR)

Crossroads (-60) - CADIDR 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 CADIDR?

MarketClub looks at technical strength and momentum to determine if the timing is right for CADIDR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CADIDR
Open High Low CADIDR Price Change
11751.419 11752.978 11732.432 11739.482 -11.937
Entry Signal

MarketClub’s Trade Triangles for CADIDR

long term up The long-term trend has been UP since Nov 30th, 2023 at 11653.923

intermediate term down The intermediate-term trend has been DOWN since May 15th, 2024 at 11662.214

short term down The short-term trend has been DOWN since May 15th, 2024 at 11728.373

Smart Scan Analysis for CADIDR

Based on our trend formula, CADIDR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for CADIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11751.419 11752.978 11732.432 11739.482 -11.937
Prev. Close Volume Bid Ask Time
11751.419 2024-05-23 01:19:34
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