Forex Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
Indonesian Rupiah/Indian Rupee (FOREX:IDRINR)
Long-Term Uptrend (+90) - IDRINR is in a strong uptrend that is likely to continue. While IDRINR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Aug 4th, 2021 at 0.00520477
The intermediate-term trend has been UP since Sep 8th, 2021 at 0.00517834
The short-term trend has been UP since Sep 27th, 2021 at 0.00518705
Smart Scan Analysis for IDRINR
Based on our trend formula, IDRINR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).