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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.

FOREX_INRIDR
Open High Low INRIDR Price Change
189.42983 189.93768 188.96300 189.59531 +0.16548
Entry Signal

MarketClub’s Trade Triangles for INRIDR

long term down The long-term trend has been DOWN since Aug 4th, 2021 at 192.25340

intermediate term down The intermediate-term trend has been DOWN since Sep 8th, 2021 at 193.05178

short term up 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).

-75
Smart Scan Analysis for INRIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
189.42983 189.93768 188.96300 189.59531 +0.16548
Prev. Close Volume Bid Ask Time
189.42983 2021-10-22 16:50:00
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