Forex Trend Analysis Report
Prepared for you on Friday, March 5, 2021.
Indonesian Rupiah/South African Rand (FOREX:IDRZAR)
Bull Market Weakness (+75) - IDRZAR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on 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 DOWN since Sep 15th, 2020 at 0.11132710
The intermediate-term trend has been UP since Mar 4th, 2021 at 0.00107382
The short-term trend has been UP since Mar 4th, 2021 at 0.00105994
Smart Scan Analysis for IDRZAR
Based on our trend formula, IDRZAR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).