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Forex Trend Analysis Report

Prepared for you on Thursday, April 25, 2024.

Indonesian Rupiah/Indian Rupee (FOREX:IDRINR)

Bear Market Rally (-75) - IDRINR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on IDRINR as it may be in the beginning 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.

FOREX_IDRINR
Open High Low IDRINR Price Change
0.00514242 0.00514609 0.00514160 0.00514344 +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 Apr 23rd, 2024 at 0.00515025

Smart Scan Analysis for IDRINR

Based on our trend formula, IDRINR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for IDRINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00514242 0.00514609 0.00514160 0.00514344 +0.00000100
Prev. Close Volume Bid Ask Time
0.00514242 2024-04-25 01:05:35
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