Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Indonesian Rupiah/Indian Rupee (FOREX:IDRINR)
Bull Market Weakness (+75) - IDRINR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on IDRINR as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for IDRINR
The long-term trend has been DOWN since Feb 27th, 2020 at 0.00502473
The intermediate-term trend has been UP since Apr 13th, 2020 at 0.00488868
The short-term trend has been UP since May 29th, 2020 at 0.00516548
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).