Forex Trend Analysis Report
Prepared for you on Thursday, August 18, 2022.
Indonesian Rupiah/New Zealand Dollar (FOREX:IDRNZD)
Long-Term Uptrend (+90) - IDRNZD is in a strong uptrend that is likely to continue. While IDRNZD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 Apr 28th, 2022 at 0.00010653
The intermediate-term trend has been UP since Aug 17th, 2022 at 0.00010811
The short-term trend has been UP since Aug 15th, 2022 at 0.00010611
Smart Scan Analysis for IDRNZD
Based on our trend formula, IDRNZD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).