Forex Trend Analysis Report
Prepared for you on Monday, June 1, 2020.
Indonesian Rupiah/Hong Kong Dollar (FOREX:IDRHKD)
Bull Market Weakness (+75) - IDRHKD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on IDRHKD as it may be in the beginning stages of a reversal.
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 Mar 9th, 2020 at 0.00054170
The intermediate-term trend has been UP since Apr 13th, 2020 at 0.00049466
The short-term trend has been UP since May 28th, 2020 at 0.00053054
Smart Scan Analysis for IDRHKD
Based on our trend formula, IDRHKD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).