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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

South Korean Won/Indonesian Rupiah (FOREX:KRWIDR)

Sidelines Mode (+55) - KRWIDR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

FOREX_KRWIDR
Open High Low KRWIDR Price Change
11.743073 11.745907 11.738078 11.740455 -0.002618
Entry Signal

MarketClub’s Trade Triangles for KRWIDR

long term up The long-term trend has been UP since Jul 17th, 2023 at 11.774565

intermediate term up The intermediate-term trend has been UP since Mar 11th, 2024 at 11.860685

short term down The short-term trend has been DOWN since Mar 14th, 2024 at 11.769077

Smart Scan Analysis for KRWIDR

Based on our trend formula, KRWIDR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for KRWIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.743073 11.745907 11.738078 11.740455 -0.002618
Prev. Close Volume Bid Ask Time
11.743073 2024-03-19 00:20:36
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