Forex Trend Analysis Report
Prepared for you on Sunday, January 23, 2022.
Indonesian Rupiah/Indian Rupee (FOREX:IDRINR)
Sidelines Mode (-55) - IDRINR 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 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.
MarketClub’s Trade Triangles for IDRINR
The long-term trend has been DOWN since Jan 5th, 2022 at 0.00515657
The intermediate-term trend has been DOWN since Dec 31st, 2021 at 0.00520074
The short-term trend has been UP since Jan 20th, 2022 at 0.00521318
Smart Scan Analysis for IDRINR
Based on our trend formula, IDRINR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).