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Forex Trend Analysis Report

Prepared for you on Sunday, June 16, 2024.

Indonesian Rupiah/Indian Rupee (FOREX:IDRINR)

Strong Downtrend (-100) - IDRINR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, IDRINR continues to fall. Traders should use caution and set stops.

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.

FOREX_IDRINR
Open High Low IDRINR Price Change
0.00509651 0.00510351 0.00506508 0.00506773 -0.00002900
Entry Signal

MarketClub’s Trade Triangles for IDRINR

long term down The long-term trend has been DOWN since Jul 3rd, 2023 at 0.00543799

intermediate term down The intermediate-term trend has been DOWN since May 28th, 2024 at 0.00516135

short term down The short-term trend has been DOWN since Jun 13th, 2024 at 0.00511746

Smart Scan Analysis for IDRINR

Based on our trend formula, IDRINR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for IDRINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00509651 0.00510351 0.00506508 0.00506773 -0.00002900
Prev. Close Volume Bid Ask Time
0.00509651 2024-06-14 17:02:14
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