Forex Trend Analysis Report
Prepared for you on Tuesday, October 19, 2021.
Indian Rupee/Indonesian Rupiah (FOREX:INRIDR)
Long-Term Downtrend (-90) - INRIDR is in a strong downtrend that is likely to continue. While INRIDR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 DOWN since Aug 4th, 2021 at 192.25340
The intermediate-term trend has been DOWN since Sep 8th, 2021 at 193.05178
The short-term trend has been DOWN since Sep 28th, 2021 at 192.55455
Smart Scan Analysis for INRIDR
Based on our trend formula, INRIDR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).