Forex Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
Indonesian Rupiah/Australian Dollar (FOREX:IDRAUD)
Countertrend Down (-85) - IDRAUD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid IDRAUD?
MarketClub looks at technical strength and momentum to determine if the timing is right for IDRAUD.
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 IDRAUD
The long-term trend has been DOWN since Jan 26th, 2024 at 0.00005213
The intermediate-term trend has been DOWN since Apr 19th, 2024 at 0.00009484
The short-term trend has been UP since May 8th, 2024 at 0.00009457
Smart Scan Analysis for IDRAUD
Based on our trend formula, IDRAUD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
0.00009441 | 0.00009487 | 0.00009433 | 0.00009458 | 0.00000000 |
Prev. Close | Volume | Bid | Ask | Time |
0.00009441 | 2024-05-08 23:55:53 |