Forex Trend Analysis Report
Prepared for you on Wednesday, June 29, 2022.
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 DOWN since Apr 19th, 2022 at 1812.3243
The intermediate-term trend has been UP since Jun 13th, 2022 at 1871.7426
The short-term trend has been UP since Jun 28th, 2022 at 1893.6590
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).