Forex Trend Analysis Report
Prepared for you on Saturday, April 1, 2023.
South Korean Won/Indonesian Rupiah (FOREX:KRWIDR)
Long-Term Downtrend (-90) - KRWIDR is in a strong downtrend that is likely to continue. While KRWIDR 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 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 Mar 31st, 2023 at 11.490293
The intermediate-term trend has been DOWN since Mar 28th, 2023 at 11.607795
The short-term trend has been DOWN since Mar 22nd, 2023 at 11.675280
Smart Scan Analysis for KRWIDR
Based on our trend formula, KRWIDR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).