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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Indonesian Rupiah/South African Rand (FOREX:IDRZAR)
Sidelines Mode (+55) - IDRZAR 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 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.
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MarketClub’s Trade Triangles for IDRZAR
The long-term trend has been DOWN since Oct 7th, 2024 at 0.00109860
The intermediate-term trend has been UP since Nov 11th, 2024 at 0.00114313
The short-term trend has been DOWN since Nov 18th, 2024 at 0.00113376
Smart Scan Analysis for IDRZAR
Based on our trend formula, IDRZAR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00113833 | 0.00114245 | 0.00113636 | 0.00113964 | +0.00000100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00113833 | 2024-11-20 03:39:57 |