Forex Trend Analysis Report
Prepared for you on Tuesday, November 24, 2020.
Indonesian Rupiah/Australian Dollar (FOREX:IDRAUD)
Bear Market Rally (-75) - IDRAUD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on IDRAUD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid IDRAUD?
MarketClub looks at technical strength and momentum to determine if the timing is right for IDRAUD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for IDRAUD
The long-term trend has been DOWN since Jul 22nd, 2020 at 0.00953157
The intermediate-term trend has been UP since Nov 10th, 2020 at 0.00009770
The short-term trend has been DOWN since Nov 20th, 2020 at 0.00009679
Smart Scan Analysis for IDRAUD
Based on our trend formula, IDRAUD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).