Forex Trend Analysis Report
Prepared for you on Monday, April 6, 2020.
Euro/Indonesian Rupiah (FOREX:EURIDR)
Countertrend Up (+85) - EURIDR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Mar 6th, 2020 at 15872.102
The intermediate-term trend has been UP since Mar 6th, 2020 at 15872.102
The short-term trend has been UP since Mar 6th, 2020 at 15872.102
Smart Scan Analysis for EURIDR
Based on our trend formula, EURIDR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).