Forex Trend Analysis Report
Prepared for you on Saturday, October 23, 2021.
Singapore Dollar/Indonesian Rupiah (FOREX:SGDIDR)
Sidelines Mode (-55) - SGDIDR 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 SGDIDR?
MarketClub looks at technical strength and momentum to determine if the timing is right for SGDIDR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SGDIDR
The long-term trend has been DOWN since Jul 20th, 2021 at 10643.976
The intermediate-term trend has been DOWN since Sep 6th, 2021 at 10551.858
The short-term trend has been UP since Oct 19th, 2021 at 10499.255
Smart Scan Analysis for SGDIDR
Based on our trend formula, SGDIDR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).