Forex Trend Analysis Report
Prepared for you on Friday, August 19, 2022.
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 Jun 16th, 2022 at 10686.299
The intermediate-term trend has been DOWN since Aug 12th, 2022 at 10697.982
The short-term trend has been UP since Aug 10th, 2022 at 10816.304
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).