Forex Trend Analysis Report
Prepared for you on Monday, May 17, 2021.
Canadian Dollar/Indonesian Rupiah (FOREX:CADIDR)
Countertrend Up (+85) - CADIDR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
MarketClub’s Trade Triangles for CADIDR
The long-term trend has been UP since Feb 16th, 2021 at 11189.623
The intermediate-term trend has been UP since Mar 17th, 2021 at 11465.438
The short-term trend has been UP since May 17th, 2021 at 11765.449
Smart Scan Analysis for CADIDR
Based on our trend formula, CADIDR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).