Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
US Dollar/Indonesian Rupiah (FOREX:USDIDR)
Strong Downtrend (-100) - USDIDR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 DOWN since Oct 13th, 2021 at 14167.5
The intermediate-term trend has been DOWN since Oct 12th, 2021 at 14188.8
The short-term trend has been DOWN since Oct 26th, 2021 at 14123.0
Smart Scan Analysis for USDIDR
Based on our trend formula, USDIDR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).