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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
British Pound/Indonesian Rupiah (FOREX:GBPIDR)
Sidelines Mode (+55) - GBPIDR 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 GBPIDR?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPIDR.
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 GBPIDR
The long-term trend has been UP since Nov 23rd, 2023 at 19609.111
The intermediate-term trend has been UP since Feb 26th, 2024 at 19870.355
The short-term trend has been DOWN since May 1st, 2024 at 20271.622
Smart Scan Analysis for GBPIDR
Based on our trend formula, GBPIDR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 20077.356 | 20081.120 | 20048.744 | 20051.553 | -25.803 |
| Prev. Close | Volume | Bid | Ask | Time |
| 20077.356 | 2024-05-09 02:29:52 |