Forex Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
Indonesian Rupiah/British Pound (FOREX:IDRGBP)
Sidelines Mode (+50) - IDRGBP is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until IDRGBP can gain momentum.
Is it time to buy, sell, or avoid IDRGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for IDRGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for IDRGBP
The long-term trend has been DOWN since Nov 23rd, 2023 at 0.00005100
The intermediate-term trend has been UP since Nov 27th, 2023 at 0.00005292
The short-term trend has been UP since Dec 5th, 2023 at 0.00005119
Smart Scan Analysis for IDRGBP
Based on our trend formula, IDRGBP is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).