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Forex Trend Analysis Report

Prepared for you on Wednesday, April 8, 2020.

Indonesian Rupiah/Euro (FOREX:IDREUR)

Bear Market Rally (-75) - IDREUR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on IDREUR as it may be in the beginning of a reversal.

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.

FOREX_IDREUR
Open High Low IDREUR Price Change
0.00568427 0.00568765 0.00568186 0.00568765 +0.00000300
Entry Signal

MarketClub’s Trade Triangles for IDREUR

long term down The long-term trend has been DOWN since Mar 6th, 2020 at 0.00630169

intermediate term down The intermediate-term trend has been DOWN since Mar 6th, 2020 at 0.00630169

short term up The short-term trend has been UP since Apr 3rd, 2020 at 0.00560538

Smart Scan Analysis for IDREUR

Based on our trend formula, IDREUR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for IDREUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00568427 0.00568765 0.00568186 0.00568765 +0.00000300
Prev. Close Volume Bid Ask Time
0.00568427 0.00561326 0.00576204 2020-04-08 21:28:22
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