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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Hong Kong Dollar/Indonesian Rupiah (FOREX:HKDIDR)
Sidelines Mode (+55) - HKDIDR 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 HKDIDR?
MarketClub looks at technical strength and momentum to determine if the timing is right for HKDIDR.
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 HKDIDR
The long-term trend has been UP since Nov 30th, 2023 at 2042.0774
The intermediate-term trend has been UP since Mar 19th, 2024 at 2017.7255
The short-term trend has been DOWN since May 1st, 2024 at 2068.1770
Smart Scan Analysis for HKDIDR
Based on our trend formula, HKDIDR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2055.5617 | 2056.9740 | 2051.6493 | 2051.8660 | -3.6957 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2055.5617 | 2024-05-09 11:21:16 |