Forex Trend Analysis Report
Prepared for you on Saturday, March 6, 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 UP since Feb 25th, 2021 at 10790.862
The intermediate-term trend has been UP since Feb 21st, 2021 at 10655.339
The short-term trend has been DOWN since Mar 3rd, 2021 at 10708.360
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).