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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

Indonesian Rupiah/Australian Dollar (FOREX:IDRAUD)

Long-Term Downtrend (-90) - IDRAUD is in a strong downtrend that is likely to continue. While IDRAUD 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 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.

FOREX_IDRAUD
Open High Low IDRAUD Price Change
0.00009661 0.00009674 0.00009658 0.00009671 0.00000000
Entry Signal

MarketClub’s Trade Triangles for IDRAUD

long term down The long-term trend has been DOWN since Jan 26th, 2024 at 0.00005213

intermediate term down The intermediate-term trend has been DOWN since Mar 6th, 2024 at 0.00009709

short term down The short-term trend has been DOWN since Mar 18th, 2024 at 0.00009680

Smart Scan Analysis for IDRAUD

Based on our trend formula, IDRAUD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for IDRAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00009661 0.00009674 0.00009658 0.00009671 0.00000000
Prev. Close Volume Bid Ask Time
0.00009661 2024-03-29 02:59:14
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