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Forex Trend Analysis Report
Prepared for you on Wednesday, April 24, 2024.
British Pound/Indonesian Rupiah (FOREX:GBPIDR)
Countertrend Up (+85) - GBPIDR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid GBPIDR?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPIDR.
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 GBPIDR
The long-term trend has been UP since Nov 23rd, 2023 at 19609.111
The intermediate-term trend has been UP since Feb 26th, 2024 at 19870.355
The short-term trend has been DOWN since Apr 22nd, 2024 at 20047.006
Smart Scan Analysis for GBPIDR
Based on our trend formula, GBPIDR is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 20117.646 | 20161.712 | 19948.873 | 20159.967 | +42.321 |
| Prev. Close | Volume | Bid | Ask | Time |
| 20117.646 | 2024-04-24 09:40:12 |