Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

Indonesian Rupiah/South Korean Won (FOREX:IDRKRW)

Weak Uptrend (+65) - IDRKRW is showing signs of weakening momentum to the upside. Monitor IDRKRW as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid IDRKRW?

MarketClub looks at technical strength and momentum to determine if the timing is right for IDRKRW.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_IDRKRW
Open High Low IDRKRW Price Change
0.08509919 0.08542609 0.08509452 0.08529878 +0.00020000
Entry Signal

MarketClub’s Trade Triangles for IDRKRW

long term up The long-term trend has been UP since Apr 15th, 2024 at 0.08629093

intermediate term down The intermediate-term trend has been DOWN since Apr 29th, 2024 at 0.08452141

short term up The short-term trend has been UP since May 8th, 2024 at 0.08493736

Smart Scan Analysis for IDRKRW

Based on our trend formula, IDRKRW is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for IDRKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.08509919 0.08542609 0.08509452 0.08529878 +0.00020000
Prev. Close Volume Bid Ask Time
0.08509919 2024-05-09 08:14:18
Get a free daily analysis and signals for Indonesian Rupiah/South Korean Won (IDRKRW) - Request Your Free Report.