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Forex Trend Analysis Report

Prepared for you on Wednesday, June 12, 2024.

Indian Rupee/Indonesian Rupiah (FOREX:INRIDR)

Countertrend Up (+85) - INRIDR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
195.02711 195.21887 193.81327 194.49786 -0.52925
Entry Signal

MarketClub’s Trade Triangles for INRIDR

long term up The long-term trend has been UP since Aug 2nd, 2023 at 184.25921

intermediate term up The intermediate-term trend has been UP since May 28th, 2024 at 193.77481

short term down The short-term trend has been DOWN since Jun 12th, 2024 at 194.71478

Smart Scan Analysis for INRIDR

Based on our trend formula, INRIDR is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for INRIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
195.02711 195.21887 193.81327 194.49786 -0.52925
Prev. Close Volume Bid Ask Time
195.02711 2024-06-12 16:43:42
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