Forex Trend Analysis Report
Prepared for you on Sunday, June 4, 2023.
Indonesian Rupiah/Danish Krone (FOREX:IDRDKK)
Countertrend Up (+85) - IDRDKK is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid IDRDKK?
MarketClub looks at technical strength and momentum to determine if the timing is right for IDRDKK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for IDRDKK
The long-term trend has been UP since May 10th, 2023 at 0.00045936
The intermediate-term trend has been UP since May 10th, 2023 at 0.00045735
The short-term trend has been UP since May 10th, 2023 at 0.00045878
Smart Scan Analysis for IDRDKK
Based on our trend formula, IDRDKK is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).