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Forex Trend Analysis Report

Prepared for you on Tuesday, May 28, 2024.

Indonesian Rupiah/British Pound (FOREX:IDRGBP)

Long-Term Downtrend (-90) - IDRGBP is in a strong downtrend that is likely to continue. While IDRGBP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution 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.

FOREX_IDRGBP
Open High Low IDRGBP Price Change
0.00004862 0.00004886 0.00004860 0.00004865 0.00000000
Entry Signal

MarketClub’s Trade Triangles for IDRGBP

long term down The long-term trend has been DOWN since Nov 23rd, 2023 at 0.00005100

intermediate term down The intermediate-term trend has been DOWN since May 22nd, 2024 at 0.00004895

short term down The short-term trend has been DOWN since May 17th, 2024 at 0.00004928

Smart Scan Analysis for IDRGBP

Based on our trend formula, IDRGBP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for IDRGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00004862 0.00004886 0.00004860 0.00004865 0.00000000
Prev. Close Volume Bid Ask Time
0.00004862 2024-05-28 02:39:05
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