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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Indian Rupee/Indonesian Rupiah (FOREX:INRIDR)
Sidelines Mode (+55) - INRIDR 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 INRIDR?
MarketClub looks at technical strength and momentum to determine if the timing is right for INRIDR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for INRIDR
The long-term trend has been UP since Aug 2nd, 2023 at 184.25921
The intermediate-term trend has been UP since Mar 27th, 2024 at 190.73113
The short-term trend has been DOWN since May 1st, 2024 at 194.05187
Smart Scan Analysis for INRIDR
Based on our trend formula, INRIDR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 192.48863 | 192.49025 | 192.20244 | 192.31158 | -0.17705 |
| Prev. Close | Volume | Bid | Ask | Time |
| 192.48863 | 2024-05-09 03:42:41 |