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Forex Trend Analysis Report

Prepared for you on Thursday, December 5, 2024.

Indonesian Rupiah/Hong Kong Dollar (FOREX:IDRHKD)

Sidelines Mode (-55) - IDRHKD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

FOREX_IDRHKD
Open High Low IDRHKD Price Change
0.00048924 0.00049303 0.00048915 0.00049240 +0.00000300
Entry Signal

MarketClub’s Trade Triangles for IDRHKD

long term down The long-term trend has been DOWN since Nov 8th, 2024 at 0.00047750

intermediate term down The intermediate-term trend has been DOWN since Oct 3rd, 2024 at 0.00050308

short term up The short-term trend has been UP since Dec 5th, 2024 at 0.00049102

Smart Scan Analysis for IDRHKD

Based on our trend formula, IDRHKD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for IDRHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00048924 0.00049303 0.00048915 0.00049240 +0.00000300
Prev. Close Volume Bid Ask Time
0.00048924 2024-12-05 22:42:27
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