Forex Trend Analysis Report
Prepared for you on Tuesday, October 19, 2021.
Indonesian Rupiah/Norwegian Krone (FOREX:IDRNOK)
Weak Downtrend (-65) - IDRNOK is showing signs of a strengthening downtrend. Monitor IDRNOK as it may be building momentum to the downside.
Is it time to buy, sell, or avoid IDRNOK?
MarketClub looks at technical strength and momentum to determine if the timing is right for IDRNOK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for IDRNOK
The long-term trend has been UP since Jun 15th, 2021 at 0.000584
The intermediate-term trend has been DOWN since Sep 26th, 2021 at 0.000604
The short-term trend has been DOWN since Oct 12th, 2021 at 0.000605
Smart Scan Analysis for IDRNOK
Based on our trend formula, IDRNOK is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).