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Forex Trend Analysis Report

Prepared for you on Friday, April 12, 2024.

Indonesian Rupiah/South African Rand (FOREX:IDRZAR)

Strong Downtrend (-100) - IDRZAR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, IDRZAR continues to fall. Traders should use caution and set stops.

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
0.00116738 0.00117082 0.00115808 0.00116227 -0.00000500
Entry Signal

MarketClub’s Trade Triangles for IDRZAR

long term down The long-term trend has been DOWN since Oct 6th, 2023 at 0.00114324

intermediate term down The intermediate-term trend has been DOWN since Mar 5th, 2024 at 0.00119973

short term down The short-term trend has been DOWN since Mar 20th, 2024 at 0.00119264

Smart Scan Analysis for IDRZAR

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

-100
Smart Scan Analysis for IDRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00116738 0.00117082 0.00115808 0.00116227 -0.00000500
Prev. Close Volume Bid Ask Time
0.00116738 2024-04-12 06:47:58
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