Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Indian Rupee/Indonesian Rupiah (FOREX:INRIDR)
Bear Market Rally (-75) - INRIDR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on INRIDR as it may be in the beginning of a reversal.
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.
MarketClub’s Trade Triangles for INRIDR
The long-term trend has been DOWN since Aug 4th, 2021 at 192.25340
The intermediate-term trend has been DOWN since Sep 8th, 2021 at 193.05178
The short-term trend has been UP since Oct 20th, 2021 at 188.25686
Smart Scan Analysis for INRIDR
Based on our trend formula, INRIDR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).