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.
MarketClub’s Trade Triangles for IDRZAR
The long-term trend has been DOWN since Sep 15th, 2020 at 0.11132710
The intermediate-term trend has been DOWN since Oct 11th, 2020 at 0.11015076
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).