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Forex Trend Analysis Report

Prepared for you on Monday, May 25, 2020.

Indonesian Rupiah/South Korean Won (FOREX:IDRKRW)

Crossroads (+60) - IDRKRW is struggling to move into a solid trend. Beware of choppy markets 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.

FOREX_IDRKRW
Open High Low IDRKRW Price Change
8.449116 8.458260 8.344765 8.358067 -0.091049
Entry Signal

MarketClub’s Trade Triangles for IDRKRW

long term down The long-term trend has been DOWN since Mar 1st, 2020 at 8.266043

intermediate term up The intermediate-term trend has been UP since Apr 20th, 2020 at 7.902563

short term up The short-term trend has been UP since May 8th, 2020 at 8.165570

Smart Scan Analysis for IDRKRW

Based on our trend formula, IDRKRW is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for IDRKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.449116 8.458260 8.344765 8.358067 -0.091049
Prev. Close Volume Bid Ask Time
8.449116 8.351369 8.364765 2020-05-25 14:32:50
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