Forex Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
Indonesian Rupiah/Euro (FOREX:IDREUR)
Countertrend Up (+85) - IDREUR 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 IDREUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for IDREUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for IDREUR
The long-term trend has been UP since Sep 6th, 2021 at 0.00005960
The intermediate-term trend has been UP since May 12th, 2021 at 0.00005801
The short-term trend has been DOWN since Oct 18th, 2021 at 0.00006083
Smart Scan Analysis for IDREUR
Based on our trend formula, IDREUR is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).