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Forex Trend Analysis Report

Prepared for you on Wednesday, November 20, 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
0.00532192 0.00532430 0.00530880 0.00530904 -0.00001300
Entry Signal

MarketClub’s Trade Triangles for IDRINR

long term up The long-term trend has been UP since Jul 22nd, 2024 at 0.00531086

intermediate term down The intermediate-term trend has been DOWN since Oct 3rd, 2024 at 0.00541483

short term down The short-term trend has been DOWN since Nov 19th, 2024 at 0.00528803

Smart Scan Analysis for IDRINR

Based on our trend formula, IDRINR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for IDRINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00532192 0.00532430 0.00530880 0.00530904 -0.00001300
Prev. Close Volume Bid Ask Time
0.00532192 2024-11-20 03:45:09
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