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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.

FOREX_IDRINR
Open High Low IDRINR Price Change
0.00519601 0.00524811 0.00518281 0.00519342 -0.00000300
Entry Signal

MarketClub’s Trade Triangles for IDRINR

long term down The long-term trend has been DOWN since Jan 5th, 2022 at 0.00515657

intermediate term down The intermediate-term trend has been DOWN since Dec 31st, 2021 at 0.00520074

short term up 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).

-55
Smart Scan Analysis for IDRINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00519601 0.00524811 0.00518281 0.00519342 -0.00000300
Prev. Close Volume Bid Ask Time
0.00519601 2022-01-21 17:04:18
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