Forex Trend Analysis Report
Prepared for you on Monday, July 4, 2022.
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 Dec 3rd, 2021 at 0.00006918
The intermediate-term trend has been DOWN since Jun 13th, 2022 at 0.00006806
The short-term trend has been DOWN since Jun 29th, 2022 at 0.00006729
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).