Forex Trend Analysis Report
Prepared for you on Monday, August 15, 2022.
Indonesian Rupiah/South Korean Won (FOREX:IDRKRW)
Strong Uptrend (+100) - IDRKRW is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, IDRKRW continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 UP since Jul 26th, 2021 at 0.07967143
The intermediate-term trend has been UP since Jul 14th, 2022 at 0.08819939
The short-term trend has been UP since Aug 8th, 2022 at 0.08795328
Smart Scan Analysis for IDRKRW
Based on our trend formula, IDRKRW is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).