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Forex Trend Analysis Report

Prepared for you on Tuesday, October 3, 2023.

Singapore Dollar/Indonesian Rupiah (FOREX:SGDIDR)

Countertrend Up (+85) - SGDIDR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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.

FOREX_SGDIDR
Open High Low SGDIDR Price Change
11353.426 11378.959 11276.850 11370.957 +17.531
Entry Signal

MarketClub’s Trade Triangles for SGDIDR

long term up The long-term trend has been UP since Aug 2nd, 2023 at 11372.946

intermediate term up The intermediate-term trend has been UP since Sep 26th, 2023 at 11308.491

short term down The short-term trend has been DOWN since Oct 2nd, 2023 at 11304.167

Smart Scan Analysis for SGDIDR

Based on our trend formula, SGDIDR is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for SGDIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11353.426 11378.959 11276.850 11370.957 +17.531
Prev. Close Volume Bid Ask Time
11353.426 2023-10-03 17:53:46
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