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.
MarketClub’s Trade Triangles for INRCAD
The long-term trend has been DOWN since Jun 1st, 2020 at 0.01809698
The intermediate-term trend has been UP since Jul 15th, 2021 at 0.01684211
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).