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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Euro/Indonesian Rupiah (FOREX:EURIDR)
Countertrend Down (-85) - EURIDR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid EURIDR?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURIDR.
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 EURIDR
The long-term trend has been DOWN since Nov 13th, 2024 at 16800
The intermediate-term trend has been DOWN since Nov 13th, 2024 at 16803
The short-term trend has been UP since Nov 19th, 2024 at 16819
Smart Scan Analysis for EURIDR
Based on our trend formula, EURIDR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 16715.68 | 17815.50 | 16715.68 | 16753.00 | +37.32 |
| Prev. Close | Volume | Bid | Ask | Time |
| 16715.68 | 2024-11-19 21:06:21 |