Forex Trend Analysis Report
Prepared for you on Thursday, May 28, 2020.
Indonesian Rupiah/US Dollar (FOREX:IDRUSD)
Sidelines Mode (+55) - IDRUSD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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 DOWN since Mar 9th, 2020 at 0.00694477
The intermediate-term trend has been UP since Apr 13th, 2020 at 0.00637627
The short-term trend has been DOWN since May 27th, 2020 at 0.00677689
Smart Scan Analysis for IDRUSD
Based on our trend formula, IDRUSD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).