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Forex Trend Analysis Report

Prepared for you on Sunday, December 22, 2024.

Indonesian Rupiah/Icelandic Krona (FOREX:IDRISK)

Long-Term Downtrend (-90) - IDRISK is in a strong downtrend that is likely to continue. While IDRISK is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid IDRISK?

MarketClub looks at technical strength and momentum to determine if the timing is right for IDRISK.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_IDRISK
Open High Low IDRISK Price Change
0.00855523 0.00862827 0.00854803 0.00859790 +0.00004300
Entry Signal

MarketClub’s Trade Triangles for IDRISK

long term down The long-term trend has been DOWN since Dec 17th, 2024 at 0.00858486

intermediate term down The intermediate-term trend has been DOWN since Sep 30th, 2024 at 0.00887309

short term down The short-term trend has been DOWN since Dec 13th, 2024 at 0.00868628

Smart Scan Analysis for IDRISK

Based on our trend formula, IDRISK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for IDRISK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00855523 0.00862827 0.00854803 0.00859790 +0.00004300
Prev. Close Volume Bid Ask Time
0.00855523 2024-12-20 17:05:20
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