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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

British Pound/Indonesian Rupiah (FOREX:GBPIDR)

Sidelines Mode (-55) - GBPIDR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid GBPIDR?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPIDR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPIDR
Open High Low GBPIDR Price Change
19552.863 19572.799 19461.344 19557.387 +4.524
Entry Signal

MarketClub’s Trade Triangles for GBPIDR

long term down The long-term trend has been DOWN since Sep 19th, 2021 at 19527.505

intermediate term down The intermediate-term trend has been DOWN since Aug 17th, 2021 at 19789.854

short term up The short-term trend has been UP since Oct 18th, 2021 at 19393.364

Smart Scan Analysis for GBPIDR

Based on our trend formula, GBPIDR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for GBPIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
19552.863 19572.799 19461.344 19557.387 +4.524
Prev. Close Volume Bid Ask Time
19552.863 2021-10-22 05:54:17
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