Forex Trend Analysis Report
Prepared for you on Friday, March 31, 2023.
Indonesian Rupiah/Icelandic Krona (FOREX:IDRISK)
Bull Market Weakness (+75) - IDRISK is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on IDRISK as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for IDRISK
The long-term trend has been UP since Jan 18th, 2023 at 0.00949935
The intermediate-term trend has been DOWN since Feb 7th, 2023 at 0.00934042
The short-term trend has been UP since Mar 31st, 2023 at 0.00913515
Smart Scan Analysis for IDRISK
Based on our trend formula, IDRISK is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).