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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.

FOREX_CADIDR
Open High Low CADIDR Price Change
11686.191 11839.465 11672.232 11704.654 +18.463
Entry Signal

MarketClub’s Trade Triangles for CADIDR

long term up The long-term trend has been UP since Feb 16th, 2021 at 11189.623

intermediate term up The intermediate-term trend has been UP since Mar 17th, 2021 at 11465.438

short term up 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).

+80
Smart Scan Analysis for CADIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11686.191 11839.465 11672.232 11704.654 +18.463
Prev. Close Volume Bid Ask Time
11686.191 2021-05-17 23:51:49
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