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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Euro/Indonesian Rupiah (FOREX:EURIDR)
Sidelines Mode (+55) - EURIDR 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 EURIDR?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURIDR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for EURIDR
The long-term trend has been UP since Jan 26th, 2024 at 31590
The intermediate-term trend has been UP since Mar 1st, 2024 at 17018
The short-term trend has been DOWN since May 1st, 2024 at 17365
Smart Scan Analysis for EURIDR
Based on our trend formula, EURIDR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 17278.935 | 17278.935 | 17256.500 | 17256.500 | -22.435 |
| Prev. Close | Volume | Bid | Ask | Time |
| 17278.935 | 2024-05-08 14:52:37 |