Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Indonesian Rupiah/New Zealand Dollar (FOREX:IDRNZD)
Sidelines Mode (+55) - IDRNZD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid IDRNZD?
MarketClub looks at technical strength and momentum to determine if the timing is right for IDRNZD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for IDRNZD
The long-term trend has been UP since Jan 27th, 2020 at 0.01132900
The intermediate-term trend has been DOWN since Apr 28th, 2020 at 0.11129749
The short-term trend has been UP since Jun 2nd, 2020 at 0.10874715
Smart Scan Analysis for IDRNZD
Based on our trend formula, IDRNZD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).