Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
South Korean Won/Indonesian Rupiah (FOREX:KRWIDR)
Sidelines Mode (-55) - KRWIDR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 DOWN since Sep 8th, 2021 at 12.198269
The intermediate-term trend has been DOWN since Jul 8th, 2021 at 12.662465
The short-term trend has been UP since Oct 18th, 2021 at 11.944044
Smart Scan Analysis for KRWIDR
Based on our trend formula, KRWIDR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).