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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.

FOREX_IDRCAD
Open High Low IDRCAD Price Change
0.9429639 0.9432828 0.9410378 0.9432767 +0.0003130
Entry Signal

MarketClub’s Trade Triangles for IDRCAD

long term down The long-term trend has been DOWN since Mar 17th, 2020 at 0.9279970

intermediate term down The intermediate-term trend has been DOWN since Jul 3rd, 2020 at 0.9372387

short term down 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).

-90
Smart Scan Analysis for IDRCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.9429639 0.9432828 0.9410378 0.9432767 +0.0003130
Prev. Close Volume Bid Ask Time
0.9429639 0.9431969 0.9433564 2020-07-13 07:03:14
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