Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
South Korean Won/Indonesian Rupiah (FOREX:KRWIDR)
Countertrend Up (+85) - KRWIDR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid KRWIDR?
MarketClub looks at technical strength and momentum to determine if the timing is right for KRWIDR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for KRWIDR
The long-term trend has been UP since Jul 17th, 2023 at 11.774565
The intermediate-term trend has been UP since Nov 30th, 2023 at 12.070392
The short-term trend has been UP since Dec 8th, 2023 at 11.871761
Smart Scan Analysis for KRWIDR
Based on our trend formula, KRWIDR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).