Forex Trend Analysis Report
Prepared for you on Sunday, May 28, 2023.
Indonesian Rupiah/Norwegian Krone (FOREX:IDRNOK)
Bull Market Weakness (+75) - IDRNOK is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on IDRNOK as it may be in the beginning stages of a reversal.
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 Feb 3rd, 2023 at 0.00066216
The intermediate-term trend has been UP since Apr 12th, 2023 at 0.00069895
The short-term trend has been UP since Feb 3rd, 2023 at 0.00063568
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).