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Forex Trend Analysis Report
Prepared for you on Friday, October 4, 2024.
Indonesian Rupiah/South Korean Won (FOREX:IDRKRW)
Sidelines Mode (+55) - IDRKRW is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for IDRKRW
The long-term trend has been UP since Jul 22nd, 2024 at 0.08696055
The intermediate-term trend has been UP since Sep 8th, 2024 at 0.08684655
The short-term trend has been DOWN since Sep 26th, 2024 at 0.08725754
Smart Scan Analysis for IDRKRW
Based on our trend formula, IDRKRW is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.08619782 | 0.08633311 | 0.08581034 | 0.08595214 | -0.00024600 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.08619782 | 2024-10-04 23:17:03 |