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Forex Trend Analysis Report
Prepared for you on Monday, March 20, 2023.
Hong Kong Dollar/Indonesian Rupiah (FOREX:HKDIDR)
Sidelines Mode (+55) - HKDIDR 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 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.
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MarketClub’s Trade Triangles for HKDIDR
The long-term trend has been DOWN since Jan 15th, 2023 at 1929.1060
The intermediate-term trend has been UP since Feb 12th, 2023 at 1941.1825
The short-term trend has been DOWN since Mar 16th, 2023 at 1954.2024
Smart Scan Analysis for HKDIDR
Based on our trend formula, HKDIDR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1959.3381 | 1961.5065 | 1955.6762 | 1958.3392 | -0.9989 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1959.3381 | 2023-03-20 22:09:07 |