Free Daily Analysis

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.

FOREX_KRWIDR
Open High Low KRWIDR Price Change
11.859443 11.877395 11.758775 11.818220 -0.041223
Entry Signal

MarketClub’s Trade Triangles for KRWIDR

long term up The long-term trend has been UP since Jul 17th, 2023 at 11.774565

intermediate term up The intermediate-term trend has been UP since Nov 30th, 2023 at 12.070392

short term up 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).

+80
Smart Scan Analysis for KRWIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.859443 11.877395 11.758775 11.818220 -0.041223
Prev. Close Volume Bid Ask Time
11.859443 2023-12-08 17:07:12
Get a free daily analysis and signals for South Korean Won/Indonesian Rupiah (KRWIDR) - Request Your Free Report.