Forex Trend Analysis Report
Prepared for you on Saturday, August 13, 2022.
Indonesian Rupiah/Canadian Dollar (FOREX:IDRCAD)
Sidelines Mode (-55) - IDRCAD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Jul 4th, 2022 at 0.00008578
The intermediate-term trend has been UP since Aug 3rd, 2022 at 0.00008780
The short-term trend has been DOWN since Aug 12th, 2022 at 0.00008585
Smart Scan Analysis for IDRCAD
Based on our trend formula, IDRCAD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).