Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
Indonesian Rupiah/South African Rand (FOREX:IDRZAR)
Weak Uptrend (+65) - IDRZAR is showing signs of weakening momentum to the upside. Monitor IDRZAR as it may be in the beginning stages of a reversal.
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 Apr 5th, 2020 at 0.11660059
The short-term trend has been DOWN since May 19th, 2020 at 0.12355747
Smart Scan Analysis for IDRZAR
Based on our trend formula, IDRZAR is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).