Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
New Zealand Dollar/Indonesian Rupiah (FOREX:NZDIDR)
Sidelines Mode (-55) - NZDIDR 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 NZDIDR?
MarketClub looks at technical strength and momentum to determine if the timing is right for NZDIDR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NZDIDR
The long-term trend has been UP since Mar 23rd, 2020 at 9384.709
The intermediate-term trend has been DOWN since Apr 19th, 2020 at 9258.351
The short-term trend has been UP since May 19th, 2020 at 8914.760
Smart Scan Analysis for NZDIDR
Based on our trend formula, NZDIDR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).