Forex Trend Analysis Report
Prepared for you on Thursday, November 30, 2023.
Indonesian Rupiah/Canadian Dollar (FOREX:IDRCAD)
Strong Downtrend (-100) - IDRCAD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, IDRCAD continues to fall. 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 Oct 6th, 2023 at 0.00008114
The intermediate-term trend has been DOWN since Nov 30th, 2023 at 0.00008749
The short-term trend has been DOWN since Nov 21st, 2023 at 0.00008822
Smart Scan Analysis for IDRCAD
Based on our trend formula, IDRCAD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).