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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

Indonesian Rupiah/Singapore Dollar (FOREX:IDRSGD)

Long-Term Downtrend (-90) - IDRSGD is in a strong downtrend that is likely to continue. While IDRSGD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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

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

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

FOREX_IDRSGD
Open High Low IDRSGD Price Change
0.00008484 0.00008514 0.00008468 0.00008514 0.00000000
Entry Signal

MarketClub’s Trade Triangles for IDRSGD

long term down The long-term trend has been DOWN since Jan 26th, 2024 at 0.00004574

intermediate term down The intermediate-term trend has been DOWN since Mar 4th, 2024 at 0.00008534

short term down The short-term trend has been DOWN since Mar 27th, 2024 at 0.00008502

Smart Scan Analysis for IDRSGD

Based on our trend formula, IDRSGD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for IDRSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00008484 0.00008514 0.00008468 0.00008514 0.00000000
Prev. Close Volume Bid Ask Time
0.00008484 2024-03-28 09:03:38
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