Forex Trend Analysis Report
Prepared for you on Wednesday, August 10, 2022.
Euro/Indonesian Rupiah (FOREX:EURIDR)
Strong Downtrend (-100) - EURIDR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, EURIDR continues to fall. Traders should use caution 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.
MarketClub’s Trade Triangles for EURIDR
The long-term trend has been DOWN since Apr 6th, 2022 at 15644.000
The intermediate-term trend has been DOWN since Jul 8th, 2022 at 15336.621
The short-term trend has been DOWN since Jun 30th, 2022 at 15565.000
Smart Scan Analysis for EURIDR
Based on our trend formula, EURIDR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).