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Forex Trend Analysis Report

Prepared for you on Wednesday, April 17, 2024.

Indonesian Rupiah/South Korean Won (FOREX:IDRKRW)

Weak Uptrend (+65) - IDRKRW is showing signs of weakening momentum to the upside. Monitor IDRKRW as it may be in the beginning stages 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
0.08535296 0.08617246 0.08508881 0.08516782 -0.00018500
Entry Signal

MarketClub’s Trade Triangles for IDRKRW

long term up The long-term trend has been UP since Apr 15th, 2024 at 0.08629093

intermediate term up The intermediate-term trend has been UP since Apr 8th, 2024 at 0.08537033

short term down The short-term trend has been DOWN since Apr 16th, 2024 at 0.08542146

Smart Scan Analysis for IDRKRW

Based on our trend formula, IDRKRW is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for IDRKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.08535296 0.08617246 0.08508881 0.08516782 -0.00018500
Prev. Close Volume Bid Ask Time
0.08535296 2024-04-17 12:09:11
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