Forex Trend Analysis Report
Prepared for you on Friday, November 27, 2020.
Hong Kong Dollar/Indonesian Rupiah (FOREX:HKDIDR)
Long-Term Downtrend (-90) - HKDIDR is in a strong downtrend that is likely to continue. While HKDIDR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 Nov 5th, 2020 at 1866.6615
The intermediate-term trend has been DOWN since Oct 7th, 2020 at 1895.9433
The short-term trend has been DOWN since Nov 25th, 2020 at 1819.6439
Smart Scan Analysis for HKDIDR
Based on our trend formula, HKDIDR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).