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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.

FOREX_IDRHKD
Open High Low IDRHKD Price Change
0.00054988 0.00055094 0.00054977 0.00055061 +0.00000100
Entry Signal

MarketClub’s Trade Triangles for IDRHKD

long term up The long-term trend has been UP since Oct 8th, 2021 at 0.00054834

intermediate term down The intermediate-term trend has been DOWN since Oct 18th, 2021 at 0.00053539

short term down 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).

+60
Smart Scan Analysis for IDRHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00054988 0.00055094 0.00054977 0.00055061 +0.00000100
Prev. Close Volume Bid Ask Time
0.00054988 2021-10-22 04:58:27
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