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.
MarketClub’s Trade Triangles for SGDIDR
The long-term trend has been UP since Aug 2nd, 2023 at 11372.946
The intermediate-term trend has been UP since Sep 26th, 2023 at 11308.491
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).