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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.

FOREX_IDRUSD
Open High Low IDRUSD Price Change
0.00006451 0.00006454 0.00006419 0.00006421 0.00000000
Entry Signal

MarketClub’s Trade Triangles for IDRUSD

long term up The long-term trend has been UP since Nov 27th, 2023 at 0.00006621

intermediate term down The intermediate-term trend has been DOWN since Nov 30th, 2023 at 0.00006357

short term down 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).

-60
Smart Scan Analysis for IDRUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00006451 0.00006454 0.00006419 0.00006421 0.00000000
Prev. Close Volume Bid Ask Time
0.00006451 2023-12-08 17:07:12
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