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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Indonesian Rupiah/Danish Krone (FOREX:IDRDKK)
Bear Market Rally (-75) - IDRDKK is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on IDRDKK as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid IDRDKK?
MarketClub looks at technical strength and momentum to determine if the timing is right for IDRDKK.
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 IDRDKK
The long-term trend has been DOWN since Jun 23rd, 2023 at 0.00045439
The intermediate-term trend has been DOWN since Feb 27th, 2024 at 0.00044045
The short-term trend has been UP since May 7th, 2024 at 0.00043022
Smart Scan Analysis for IDRDKK
Based on our trend formula, IDRDKK is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00043256 | 0.00043256 | 0.00043256 | 0.00043256 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00043164 | 0.00043037 | 0.00043475 | 2024-05-07 01:37:10 |