Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Euro/Indonesian Rupiah (FOREX:EURIDR)
Bear Market Rally (-75) - EURIDR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EURIDR as it may be in the beginning of a reversal.
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 Oct 6th, 2021 at 16561.137
The intermediate-term trend has been DOWN since Sep 13th, 2021 at 16874.641
The short-term trend has been UP since Oct 19th, 2021 at 16345.200
Smart Scan Analysis for EURIDR
Based on our trend formula, EURIDR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).