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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Indonesian Rupiah/Norwegian Krone (FOREX:IDRNOK)
Sidelines Mode (+50) - IDRNOK is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until IDRNOK can gain momentum.
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.
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MarketClub’s Trade Triangles for IDRNOK
The long-term trend has been DOWN since May 28th, 2024 at 0.00066266
The intermediate-term trend has been UP since Jul 10th, 2024 at 0.00065220
The short-term trend has been UP since Jul 3rd, 2024 at 0.00065128
Smart Scan Analysis for IDRNOK
Based on our trend formula, IDRNOK is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00068033 | 0.00068033 | 0.00068033 | 0.00068033 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00068033 | 0.00067678 | 0.00068387 | 2024-07-26 01:36:18 |