Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Indonesian Rupiah/Singapore Dollar (FOREX:IDRSGD)
Crossroads (+60) - IDRSGD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid IDRSGD?
MarketClub looks at technical strength and momentum to determine if the timing is right for IDRSGD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for IDRSGD
The long-term trend has been DOWN since Mar 9th, 2020 at 0.00963712
The intermediate-term trend has been UP since Apr 21st, 2020 at 0.00925950
The short-term trend has been UP since May 29th, 2020 at 0.00970867
Smart Scan Analysis for IDRSGD
Based on our trend formula, IDRSGD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).