Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

South Korean Won/Indonesian Rupiah (FOREX:KRWIDR)

Bear Market Rally (-75) - KRWIDR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on KRWIDR as it may be in the beginning of a reversal.

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

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

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

Open	High	Low	KRWIDR Price	Change
11.750994	11.758192	11.704167	11.732528	-0.018466
Entry Signal

MarketClub’s Trade Triangles for KRWIDR

The long-term trend has been DOWN since Apr 15th, 2024 at 11.587898

The intermediate-term trend has been UP since Apr 29th, 2024 at 11.832424

The short-term trend has been DOWN since May 8th, 2024 at 11.769569

Smart Scan Analysis for KRWIDR

Based on our trend formula, KRWIDR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
11.750994	11.758192	11.704167	11.732528	-0.018466
Prev. Close	Volume	Bid	Ask	Time
11.750994				2024-05-09 14:36:36

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