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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.

FOREX_INRIDR
Open High Low INRIDR Price Change
187.66052 187.78216 187.56222 187.56222 -0.09830
Entry Signal

MarketClub’s Trade Triangles for INRIDR

long term down The long-term trend has been DOWN since Aug 4th, 2021 at 192.25340

intermediate term down The intermediate-term trend has been DOWN since Sep 8th, 2021 at 193.05178

short term down 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).

-90
Smart Scan Analysis for INRIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
187.66052 187.78216 187.56222 187.56222 -0.09830
Prev. Close Volume Bid Ask Time
187.66052 2021-10-19 00:38:05
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