Forex Trend Analysis Report
Prepared for you on Monday, August 3, 2020.
Australian Dollar/Indonesian Rupiah (FOREX:AUDIDR)
Long-Term Uptrend (+90) - AUDIDR is in a strong uptrend that is likely to continue. While AUDIDR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid AUDIDR?
MarketClub looks at technical strength and momentum to determine if the timing is right for AUDIDR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for AUDIDR
The long-term trend has been UP since Jul 31st, 2020 at 10500.834
The intermediate-term trend has been UP since Jul 31st, 2020 at 10500.834
The short-term trend has been UP since Jul 28th, 2020 at 10387.936
Smart Scan Analysis for AUDIDR
Based on our trend formula, AUDIDR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).