Forex Trend Analysis Report
Prepared for you on Wednesday, October 20, 2021.
Hong Kong Dollar/Indonesian Rupiah (FOREX:HKDIDR)
Strong Downtrend (-100) - HKDIDR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid HKDIDR?
MarketClub looks at technical strength and momentum to determine if the timing is right for HKDIDR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HKDIDR
The long-term trend has been DOWN since Sep 2nd, 2021 at 1825.0024
The intermediate-term trend has been DOWN since Oct 13th, 2021 at 1822.3004
The short-term trend has been DOWN since Oct 3rd, 2021 at 1831.9065
Smart Scan Analysis for HKDIDR
Based on our trend formula, HKDIDR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).