Forex Trend Analysis Report
Prepared for you on Sunday, November 29, 2020.
Euro/Indonesian Rupiah (FOREX:EURIDR)
Weak Downtrend (-65) - EURIDR is showing signs of a strengthening downtrend. Monitor EURIDR as it may be building momentum to the downside.
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 Nov 2nd, 2020 at 17070.885
The intermediate-term trend has been DOWN since Oct 30th, 2020 at 17190.000
The short-term trend has been DOWN since Nov 27th, 2020 at 16801.714
Smart Scan Analysis for EURIDR
Based on our trend formula, EURIDR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).