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Forex Trend Analysis Report

Prepared for you on Monday, August 2, 2021.

Indian Rupee/Canadian Dollar (FOREX:INRCAD)

Sidelines Mode (+50) - INRCAD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until INRCAD can gain momentum.

Is it time to buy, sell, or avoid INRCAD?

MarketClub looks at technical strength and momentum to determine if the timing is right for INRCAD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_INRCAD
Open High Low INRCAD Price Change
0.01678209 0.01683079 0.01674746 0.01682195 +0.00004000
Entry Signal

MarketClub’s Trade Triangles for INRCAD

long term down The long-term trend has been DOWN since Jun 1st, 2020 at 0.01809698

intermediate term up The intermediate-term trend has been UP since Jul 15th, 2021 at 0.01684211

short term up The short-term trend has been UP since Aug 2nd, 2021 at 0.01682455

Smart Scan Analysis for INRCAD

Based on our trend formula, INRCAD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for INRCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01678209 0.01683079 0.01674746 0.01682195 +0.00004000
Prev. Close Volume Bid Ask Time
0.01678209 2021-08-02 15:35:26
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