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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 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.

FOREX_IDRNOK
Open High Low IDRNOK Price Change
0.00067918 0.00067918 0.00067918 0.00067918 0.00000000
Entry Signal

MarketClub’s Trade Triangles for IDRNOK

long term down The long-term trend has been DOWN since Jan 2nd, 2024 at 0.00069183

intermediate term up The intermediate-term trend has been UP since Mar 14th, 2024 at 0.00067433

short term up The short-term trend has been UP since Mar 14th, 2024 at 0.00066932

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).

+50
Smart Scan Analysis for IDRNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00067918 0.00067918 0.00067918 0.00067918 0.00000000
Prev. Close Volume Bid Ask Time
0.00067918 0.00067569 0.00068267 2024-03-18 02:33:51
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