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Forex Trend Analysis Report

Prepared for you on Saturday, July 20, 2024.

Indonesian Rupiah/US Dollar (FOREX:IDRUSD)

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

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

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

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

FOREX_IDRUSD
Open High Low IDRUSD Price Change
0.00006177 0.00006188 0.00006166 0.00006168 0.00000000
Entry Signal

MarketClub’s Trade Triangles for IDRUSD

long term down The long-term trend has been DOWN since Jan 25th, 2024 at 0.00006260

intermediate term up The intermediate-term trend has been UP since Jul 7th, 2024 at 0.00006154

short term up The short-term trend has been UP since Jun 24th, 2024 at 0.00006110

Smart Scan Analysis for IDRUSD

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

+70
Smart Scan Analysis for IDRUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00006177 0.00006188 0.00006166 0.00006168 0.00000000
Prev. Close Volume Bid Ask Time
0.00006177 2024-07-19 17:00:01
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