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Forex Trend Analysis Report

Prepared for you on Monday, February 24, 2020.

Indonesian Rupiah/South African Rand (FOREX:IDRZAR)

Countertrend Up (+85) - IDRZAR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid IDRZAR?

MarketClub looks at technical strength and momentum to determine if the timing is right for IDRZAR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_IDRZAR
Open High Low IDRZAR Price Change
0.10971188 0.11038584 0.10872218 0.10937725 -0.00033500
Entry Signal

MarketClub’s Trade Triangles for IDRZAR

long term up The long-term trend has been UP since Jan 27th, 2020 at 0.10872200

intermediate term up The intermediate-term trend has been UP since Jan 7th, 2020 at 0.10409769

short term down The short-term trend has been DOWN since Feb 21st, 2020 at 0.10902019

Smart Scan Analysis for IDRZAR

Based on our trend formula, IDRZAR is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for IDRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.10971188 0.11038584 0.10872218 0.10937725 -0.00033500
Prev. Close Volume Bid Ask Time
0.10971188 0.10933367 0.10942082 2020-02-24 22:31:38
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