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Forex Trend Analysis Report

Prepared for you on Sunday, October 24, 2021.

Indonesian Rupiah/Swedish Krona (FOREX:IDRSEK)

Bull Market Weakness (+75) - IDRSEK is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on IDRSEK as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid IDRSEK?

MarketClub looks at technical strength and momentum to determine if the timing is right for IDRSEK.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_IDRSEK
Open High Low IDRSEK Price Change
0.000613 0.000614 0.000613 0.000614 +0.000001
Entry Signal

MarketClub’s Trade Triangles for IDRSEK

long term up The long-term trend has been UP since Jun 15th, 2021 at 0.000581

intermediate term up The intermediate-term trend has been UP since Sep 22nd, 2021 at 0.000606

short term up The short-term trend has been UP since Sep 13th, 2021 at 0.000604

Smart Scan Analysis for IDRSEK

Based on our trend formula, IDRSEK is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for IDRSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.000613 0.000614 0.000613 0.000614 +0.000001
Prev. Close Volume Bid Ask Time
0.000608 0.000611 0.000617 2021-10-18 23:57:51
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