Forex Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
Indonesian Rupiah/Thai Baht (FOREX:IDRTHB)
Weak Downtrend (-65) - IDRTHB is showing signs of a strengthening downtrend. Monitor IDRTHB as it may be building momentum to the downside.
Is it time to buy, sell, or avoid IDRTHB?
MarketClub looks at technical strength and momentum to determine if the timing is right for IDRTHB.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for IDRTHB
The long-term trend has been DOWN since Oct 6th, 2023 at 0.00210257
The intermediate-term trend has been DOWN since Nov 28th, 2023 at 0.00224974
The short-term trend has been UP since Dec 5th, 2023 at 0.00227627
Smart Scan Analysis for IDRTHB
Based on our trend formula, IDRTHB is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).