Forex Trend Analysis Report
Prepared for you on Tuesday, March 9, 2021.
Indonesian Rupiah/US Dollar (FOREX:IDRUSD)
Long-Term Downtrend (-90) - IDRUSD is in a strong downtrend that is likely to continue. While IDRUSD 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 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 Feb 16th, 2021 at 0.00006811
The intermediate-term trend has been DOWN since Feb 16th, 2021 at 0.00007069
The short-term trend has been DOWN since Mar 4th, 2021 at 0.00006970
Smart Scan Analysis for IDRUSD
Based on our trend formula, IDRUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).