Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
Indonesian Rupiah/Canadian Dollar (FOREX:IDRCAD)
Bull Market Weakness (+75) - IDRCAD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on IDRCAD as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid
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 UP since Sep 13th, 2019 at 0.9497650
The intermediate-term trend has been UP since Jan 10th, 2020 at 0.9478774
The short-term trend has been DOWN since Feb 11th, 2020 at 0.9679097
Smart Scan Analysis for IDRCAD
Based on our trend formula, IDRCAD is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).