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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.

FOREX_USDIDR
Open High Low USDIDR Price Change
15614.4 15703.8 15608.0 15650.0 +35.6
Entry Signal

MarketClub’s Trade Triangles for USDIDR

long term up The long-term trend has been UP since Nov 30th, 2023 at 15975

intermediate term up The intermediate-term trend has been UP since Nov 30th, 2023 at 15730

short term up 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).

+90
Smart Scan Analysis for USDIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
15614.4 15703.8 15608.0 15650.0 +35.6
Prev. Close Volume Bid Ask Time
15614.4 2023-12-11 13:44:49
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