Forex Trend Analysis Report
Prepared for you on Tuesday, August 9, 2022.
New Zealand Dollar/Indonesian Rupiah (FOREX:NZDIDR)
Weak Downtrend (-65) - NZDIDR is showing signs of a strengthening downtrend. Monitor NZDIDR as it may be building momentum to the downside.
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 Apr 28th, 2022 at 9383.296
The intermediate-term trend has been UP since Aug 1st, 2022 at 9431.776
The short-term trend has been DOWN since Aug 2nd, 2022 at 9259.941
Smart Scan Analysis for NZDIDR
Based on our trend formula, NZDIDR is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).