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Forex Trend Analysis Report

Prepared for you on Tuesday, August 16, 2022.

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
0.00052957 0.00053420 0.00052778 0.00053272 +0.00000300
Entry Signal

MarketClub’s Trade Triangles for IDRHKD

long term down The long-term trend has been DOWN since Jun 30th, 2022 at 0.00052397

intermediate term up The intermediate-term trend has been UP since Jul 29th, 2022 at 0.00052969

short term down The short-term trend has been DOWN since Aug 12th, 2022 at 0.00052716

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
0.00052957 0.00053420 0.00052778 0.00053272 +0.00000300
Prev. Close Volume Bid Ask Time
0.00052957 2022-08-16 14:43:22
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