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Forex Trend Analysis Report

Prepared for you on Tuesday, November 24, 2020.

Indonesian Rupiah/South African Rand (FOREX:IDRZAR)

Long-Term Downtrend (-90) - IDRZAR is in a strong downtrend that is likely to continue. While IDRZAR is showing intraday strength, it remains in the confines of a bearish trend. 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
0.00108298 0.00108702 0.00107464 0.00107526 -0.00000800
Entry Signal

MarketClub’s Trade Triangles for IDRZAR

long term down The long-term trend has been DOWN since Sep 15th, 2020 at 0.11132710

intermediate term down The intermediate-term trend has been DOWN since Oct 11th, 2020 at 0.11015076

short term down The short-term trend has been DOWN since Nov 20th, 2020 at 0.00108618

Smart Scan Analysis for IDRZAR

Based on our trend formula, IDRZAR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for IDRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00108298 0.00108702 0.00107464 0.00107526 -0.00000800
Prev. Close Volume Bid Ask Time
0.00108298 2020-11-24 20:50:42
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