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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Indian Rupee/Indonesian Rupiah (FOREX:INRIDR)
Sidelines Mode (+55) - INRIDR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for INRIDR
The long-term trend has been DOWN since Aug 13th, 2024 at 189.05267
The intermediate-term trend has been UP since Oct 3rd, 2024 at 184.68472
The short-term trend has been DOWN since Nov 18th, 2024 at 187.49671
Smart Scan Analysis for INRIDR
Based on our trend formula, INRIDR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 187.85662 | 188.17356 | 187.79678 | 188.13892 | +0.28230 |
| Prev. Close | Volume | Bid | Ask | Time |
| 187.85662 | 2024-11-20 03:25:05 |