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Forex Trend Analysis Report

Prepared for you on Thursday, June 20, 2024.

Indian Rupee/Canadian Dollar (FOREX:INRCAD)

Long-Term Downtrend (-90) - INRCAD is in a strong downtrend that is likely to continue. While INRCAD 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 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
0.01642837 0.01643020 0.01635893 0.01636829 -0.00006000
Entry Signal

MarketClub’s Trade Triangles for INRCAD

long term down The long-term trend has been DOWN since Jun 4th, 2024 at 0.01616072

intermediate term down The intermediate-term trend has been DOWN since Jun 4th, 2024 at 0.01628874

short term down The short-term trend has been DOWN since Jun 10th, 2024 at 0.01630814

Smart Scan Analysis for INRCAD

Based on our trend formula, INRCAD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for INRCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01642837 0.01643020 0.01635893 0.01636829 -0.00006000
Prev. Close Volume Bid Ask Time
0.01642837 2024-06-20 19:06:01
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