Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
Indonesian Rupiah/Hong Kong Dollar (FOREX:IDRHKD)
Countertrend Down (-85) - IDRHKD 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 IDRHKD?
MarketClub looks at technical strength and momentum to determine if the timing is right for IDRHKD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for IDRHKD
The long-term trend has been DOWN since Feb 16th, 2021 at 0.00052790
The intermediate-term trend has been DOWN since Feb 16th, 2021 at 0.00054786
The short-term trend has been UP since Feb 25th, 2021 at 0.00055350
Smart Scan Analysis for IDRHKD
Based on our trend formula, IDRHKD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).