Forex Trend Analysis Report
Prepared for you on Monday, May 17, 2021.
Canadian Dollar/Indian Rupee (FOREX:CADINR)
Strong Uptrend (+100) - CADINR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CADINR continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid CADINR?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADINR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CADINR
The long-term trend has been UP since Jun 1st, 2020 at 55.258212
The intermediate-term trend has been UP since Apr 7th, 2021 at 58.628451
The short-term trend has been UP since May 6th, 2021 at 60.595680
Smart Scan Analysis for CADINR
Based on our trend formula, CADINR is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).