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Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

Indonesian Rupiah/Indian Rupee (FOREX:IDRINR)

Weak Downtrend (-65) - IDRINR is showing signs of a strengthening downtrend. Monitor IDRINR as it may be building momentum to the downside.

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

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

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

FOREX_IDRINR
Open High Low IDRINR Price Change
0.00519512 0.00520419 0.00519414 0.00519428 -0.00000100
Entry Signal

MarketClub’s Trade Triangles for IDRINR

long term down The long-term trend has been DOWN since Jul 3rd, 2023 at 0.00543799

intermediate term down The intermediate-term trend has been DOWN since Mar 31st, 2024 at 0.00524022

short term up The short-term trend has been UP since May 1st, 2024 at 0.00514758

Smart Scan Analysis for IDRINR

Based on our trend formula, IDRINR is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for IDRINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00519512 0.00520419 0.00519414 0.00519428 -0.00000100
Prev. Close Volume Bid Ask Time
0.00519512 2024-05-09 08:22:08
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