Forex Trend Analysis Report
Prepared for you on Thursday, December 3, 2020.
Indonesian Rupiah/US Dollar (FOREX:IDRUSD)
Crossroads (-60) - IDRUSD 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 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.
MarketClub’s Trade Triangles for IDRUSD
The long-term trend has been DOWN since Sep 11th, 2020 at 0.00670104
The intermediate-term trend has been UP since Nov 5th, 2020 at 0.00006903
The short-term trend has been UP since Dec 1st, 2020 at 0.00007139
Smart Scan Analysis for IDRUSD
Based on our trend formula, IDRUSD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).