Forex Trend Analysis Report
Prepared for you on Friday, March 5, 2021.
Indonesian Rupiah/British Pound (FOREX:IDRGBP)
Countertrend Down (-85) - IDRGBP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 Dec 31st, 2020 at 0.00005170
The intermediate-term trend has been DOWN since Dec 16th, 2020 at 0.00005213
The short-term trend has been UP since Mar 4th, 2021 at 0.00005041
Smart Scan Analysis for IDRGBP
Based on our trend formula, IDRGBP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).