Forex Trend Analysis Report
Prepared for you on Friday, March 5, 2021.
Indonesian Rupiah/Australian Dollar (FOREX:IDRAUD)
Sidelines Mode (-55) - IDRAUD 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 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 DOWN since Feb 16th, 2021 at 0.00009166
The short-term trend has been UP since Mar 4th, 2021 at 0.00009078
Smart Scan Analysis for IDRAUD
Based on our trend formula, IDRAUD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).