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Forex Trend Analysis Report

Prepared for you on Monday, December 2, 2024.

Indonesian Rupiah/Thai Baht (FOREX:IDRTHB)

Long-Term Downtrend (-90) - IDRTHB is in a strong downtrend that is likely to continue. While IDRTHB is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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.

FOREX_IDRTHB
Open High Low IDRTHB Price Change
0.00216054 0.00216687 0.00215823 0.00216418 +0.00000400
Entry Signal

MarketClub’s Trade Triangles for IDRTHB

long term down The long-term trend has been DOWN since Oct 10th, 2024 at 0.00212138

intermediate term down The intermediate-term trend has been DOWN since Nov 19th, 2024 at 0.00205269

short term down The short-term trend has been DOWN since Nov 28th, 2024 at 0.00216879

Smart Scan Analysis for IDRTHB

Based on our trend formula, IDRTHB is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for IDRTHB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00216054 0.00216687 0.00215823 0.00216418 +0.00000400
Prev. Close Volume Bid Ask Time
0.00216054 2024-12-02 05:35:50
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