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.
MarketClub’s Trade Triangles for IDRKRW
The long-term trend has been DOWN since Aug 12th, 2020 at 7.93817800
The intermediate-term trend has been UP since Nov 4th, 2020 at 0.07821224
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).