Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
Indonesian Rupiah/US Dollar (FOREX:IDRUSD)
Long-Term Uptrend (+90) - IDRUSD is in a strong uptrend that is likely to continue. While IDRUSD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 Sep 6th, 2021 at 0.00007062
The intermediate-term trend has been UP since Oct 12th, 2021 at 0.00007050
The short-term trend has been UP since Oct 4th, 2021 at 0.00007012
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).