Forex Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
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 UP since Nov 27th, 2023 at 0.00006621
The intermediate-term trend has been DOWN since Nov 30th, 2023 at 0.00006357
The short-term trend has been DOWN since Nov 30th, 2023 at 0.00006425
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).