Forex Trend Analysis Report
Prepared for you on Thursday, May 6, 2021.
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 25th, 2021 at 0.00504828
The intermediate-term trend has been UP since Apr 6th, 2021 at 0.00507345
The short-term trend has been UP since Apr 19th, 2021 at 0.00514614
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).