Forex Trend Analysis Report
Prepared for you on Sunday, October 24, 2021.
New Zealand Dollar/Indonesian Rupiah (FOREX:NZDIDR)
Bull Market Weakness (+75) - NZDIDR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on NZDIDR as it may be in the beginning stages of a reversal.
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 DOWN since Sep 29th, 2021 at 9834.404
The intermediate-term trend has been UP since Oct 18th, 2021 at 10045.545
The short-term trend has been UP since Oct 17th, 2021 at 9969.515
Smart Scan Analysis for NZDIDR
Based on our trend formula, NZDIDR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).