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.
MarketClub’s Trade Triangles for IDRZAR
The long-term trend has been UP since Jan 27th, 2020 at 0.10872200
The intermediate-term trend has been UP since Jan 7th, 2020 at 0.10409769
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).