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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.

FOREX_HKDIDR
Open High Low HKDIDR Price Change
1959.3381 1961.5065 1955.6762 1958.3392 -0.9989
Entry Signal

MarketClub’s Trade Triangles for HKDIDR

long term down The long-term trend has been DOWN since Jan 15th, 2023 at 1929.1060

intermediate term up The intermediate-term trend has been UP since Feb 12th, 2023 at 1941.1825

short term down 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).

+55
Smart Scan Analysis for HKDIDR
Strong Downtrend Sideways 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
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