Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Monday, February 24, 2020.
Indonesian Rupiah/South Korean Won (FOREX:IDRKRW)
Bull Market Weakness (+75) - IDRKRW is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on 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.
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MarketClub’s Trade Triangles for IDRKRW
The long-term trend has been UP since Jan 20th, 2020 at 8.530238
The intermediate-term trend has been UP since Jan 7th, 2020 at 8.412614
The short-term trend has been DOWN since Feb 24th, 2020 at 8.654755
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 8.768632 | 8.775509 | 8.648739 | 8.707378 | -0.061254 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8.768632 | 8.700192 | 8.714564 | 2020-02-24 22:57:36 |