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.
MarketClub’s Trade Triangles for GBPIDR
The long-term trend has been DOWN since Sep 19th, 2021 at 19527.505
The intermediate-term trend has been DOWN since Aug 17th, 2021 at 19789.854
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).