Forex Trend Analysis Report
Prepared for you on Monday, December 11, 2023.
US Dollar/Indonesian Rupiah (FOREX:USDIDR)
Long-Term Uptrend (+90) - USDIDR is in a strong uptrend that is likely to continue. While USDIDR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid USDIDR?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDIDR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDIDR
The long-term trend has been UP since Nov 30th, 2023 at 15975
The intermediate-term trend has been UP since Nov 30th, 2023 at 15730
The short-term trend has been UP since Nov 30th, 2023 at 15565
Smart Scan Analysis for USDIDR
Based on our trend formula, USDIDR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).