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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Indonesian Rupiah/New Zealand Dollar (FOREX:IDRNZD)

Bull Market Weakness (+75) - IDRNZD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on IDRNZD as it may be in the beginning stages of a reversal.

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

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

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

FOREX_IDRNZD
Open High Low IDRNZD Price Change
0.00010493 0.00010518 0.00010483 0.00010513 0.00000000
Entry Signal

MarketClub’s Trade Triangles for IDRNZD

long term down The long-term trend has been DOWN since Nov 28th, 2023 at 0.00010501

intermediate term up The intermediate-term trend has been UP since Jan 15th, 2024 at 0.00010369

short term up The short-term trend has been UP since Mar 15th, 2024 at 0.00010497

Smart Scan Analysis for IDRNZD

Based on our trend formula, IDRNZD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for IDRNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00010493 0.00010518 0.00010483 0.00010513 0.00000000
Prev. Close Volume Bid Ask Time
0.00010493 2024-03-19 02:41:07
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