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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
British Pound/Indonesian Rupiah (FOREX:GBPIDR)
Bear Market Rally (-75) - GBPIDR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPIDR as it may be in the beginning of a reversal.
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.
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MarketClub’s Trade Triangles for GBPIDR
The long-term trend has been DOWN since Sep 19th, 2024 at 19988.301
The intermediate-term trend has been DOWN since Nov 12th, 2024 at 20083.111
The short-term trend has been UP since Nov 20th, 2024 at 20130.513
Smart Scan Analysis for GBPIDR
Based on our trend formula, GBPIDR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 20109.999 | 20168.708 | 20099.964 | 20160.908 | +50.909 |
| Prev. Close | Volume | Bid | Ask | Time |
| 20109.999 | 2024-11-20 03:31:34 |