Forex Trend Analysis Report
Prepared for you on Wednesday, March 3, 2021.
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.
MarketClub’s Trade Triangles for HKDIDR
The long-term trend has been UP since Feb 16th, 2021 at 1893.8401
The intermediate-term trend has been DOWN since Feb 16th, 2021 at 1792.4918
The short-term trend has been DOWN since Mar 3rd, 2021 at 1835.4726
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).