Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Indonesian Rupiah/Hong Kong Dollar (FOREX:IDRHKD)
Crossroads (+60) - IDRHKD is struggling to move into a solid trend. Beware of choppy markets 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.
MarketClub’s Trade Triangles for IDRHKD
The long-term trend has been UP since Oct 8th, 2021 at 0.00054834
The intermediate-term trend has been DOWN since Oct 18th, 2021 at 0.00053539
The short-term trend has been DOWN since Oct 18th, 2021 at 0.00054691
Smart Scan Analysis for IDRHKD
Based on our trend formula, IDRHKD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).