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Forex Trend Analysis Report

Prepared for you on Wednesday, June 19, 2024.

Indonesian Rupiah/Canadian Dollar (FOREX:IDRCAD)

Countertrend Down (-85) - IDRCAD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.

FOREX_IDRCAD
Open High Low IDRCAD Price Change
0.00008376 0.00008398 0.00008371 0.00008373 0.00000000
Entry Signal

MarketClub’s Trade Triangles for IDRCAD

long term down The long-term trend has been DOWN since Jan 26th, 2024 at 0.00004559

intermediate term down The intermediate-term trend has been DOWN since May 28th, 2024 at 0.00008474

short term up The short-term trend has been UP since Jun 19th, 2024 at 0.00008393

Smart Scan Analysis for IDRCAD

Based on our trend formula, IDRCAD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for IDRCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00008376 0.00008398 0.00008371 0.00008373 0.00000000
Prev. Close Volume Bid Ask Time
0.00008376 2024-06-19 03:12:02
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