Forex Trend Analysis Report
Prepared for you on Monday, July 13, 2020.
Indonesian Rupiah/Canadian Dollar (FOREX:IDRCAD)
Long-Term Downtrend (-90) - IDRCAD is in a strong downtrend that is likely to continue. While IDRCAD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid IDRCAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for IDRCAD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for IDRCAD
The long-term trend has been DOWN since Mar 17th, 2020 at 0.9279970
The intermediate-term trend has been DOWN since Jul 3rd, 2020 at 0.9372387
The short-term trend has been DOWN since Jun 29th, 2020 at 0.9558206
Smart Scan Analysis for IDRCAD
Based on our trend formula, IDRCAD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).