Forex Trend Analysis Report

Prepared for you on Wednesday, May 8, 2024.

Indonesian Rupiah/South African Rand (FOREX:IDRZAR)

Countertrend Down (-85) - IDRZAR 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 IDRZAR?

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

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

Open	High	Low	IDRZAR Price	Change
0.00115400	0.00116307	0.00114969	0.00115648	+0.00000200
Entry Signal

MarketClub’s Trade Triangles for IDRZAR

The long-term trend has been DOWN since May 1st, 2024 at 0.00114569

The intermediate-term trend has been DOWN since Apr 26th, 2024 at 0.00115808

The short-term trend has been UP since May 3rd, 2024 at 0.00115963

Smart Scan Analysis for IDRZAR

Based on our trend formula, IDRZAR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.00115400	0.00116307	0.00114969	0.00115648	+0.00000200
Prev. Close	Volume	Bid	Ask	Time
0.00115400				2024-05-08 22:47:57

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