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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.

FOREX_IDRNOK
Open High Low IDRNOK Price Change
0.000598 0.000600 0.000598 0.000600 +0.000002
Entry Signal

MarketClub’s Trade Triangles for IDRNOK

long term up The long-term trend has been UP since Jun 15th, 2021 at 0.000584

intermediate term down The intermediate-term trend has been DOWN since Sep 26th, 2021 at 0.000604

short term down 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).

-70
Smart Scan Analysis for IDRNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.000598 0.000600 0.000598 0.000600 +0.000002
Prev. Close Volume Bid Ask Time
0.000598 0.000597 0.000603 2021-10-18 23:57:51
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