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Forex Trend Analysis Report

Prepared for you on Tuesday, November 24, 2020.

Indonesian Rupiah/South Korean Won (FOREX:IDRKRW)

Bear Market Rally (-75) - IDRKRW is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on IDRKRW as it may be in the beginning of a reversal.

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

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

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

FOREX_IDRKRW
Open High Low IDRKRW Price Change
0.07820286 0.07841486 0.07795905 0.07810467 -0.00009800
Entry Signal

MarketClub’s Trade Triangles for IDRKRW

long term down The long-term trend has been DOWN since Aug 12th, 2020 at 7.93817800

intermediate term up The intermediate-term trend has been UP since Nov 4th, 2020 at 0.07821224

short term down The short-term trend has been DOWN since Nov 23rd, 2020 at 0.07827979

Smart Scan Analysis for IDRKRW

Based on our trend formula, IDRKRW is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for IDRKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.07820286 0.07841486 0.07795905 0.07810467 -0.00009800
Prev. Close Volume Bid Ask Time
0.07820286 2020-11-24 21:13:33
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