Forex Trend Analysis Report
Prepared for you on Wednesday, August 10, 2022.
Indian Rupee/Indonesian Rupiah (FOREX:INRIDR)
Crossroads (-60) - INRIDR is struggling to move into a solid trend. Beware of choppy markets 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.
MarketClub’s Trade Triangles for INRIDR
The long-term trend has been UP since Jul 4th, 2022 at 190.75914
The intermediate-term trend has been DOWN since Aug 8th, 2022 at 186.26959
The short-term trend has been DOWN since Aug 4th, 2022 at 187.61471
Smart Scan Analysis for INRIDR
Based on our trend formula, INRIDR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).