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Forex Trend Analysis Report

Prepared for you on Sunday, July 14, 2024.

Hong Kong Dollar/Indonesian Rupiah (FOREX:HKDIDR)

Crossroads (-60) - HKDIDR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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.

FOREX_HKDIDR
Open High Low HKDIDR Price Change
2068.4891 2074.3850 2059.0085 2063.5205 -4.9686
Entry Signal

MarketClub’s Trade Triangles for HKDIDR

long term up The long-term trend has been UP since Nov 30th, 2023 at 2042.0774

intermediate term down The intermediate-term trend has been DOWN since Jul 7th, 2024 at 2079.6254

short term down The short-term trend has been DOWN since Jun 24th, 2024 at 2096.5500

Smart Scan Analysis for HKDIDR

Based on our trend formula, HKDIDR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for HKDIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2068.4891 2074.3850 2059.0085 2063.5205 -4.9686
Prev. Close Volume Bid Ask Time
2068.4891 2024-07-12 17:00:09
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