Forex Trend Analysis Report
Prepared for you on Wednesday, February 24, 2021.
US Dollar/Indonesian Rupiah (FOREX:USDIDR)
Sidelines Mode (+55) - USDIDR 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 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 Nov 4th, 2020 at 14414.842
The intermediate-term trend has been UP since Feb 21st, 2021 at 14123.000
The short-term trend has been DOWN since Feb 24th, 2021 at 14055.900
Smart Scan Analysis for USDIDR
Based on our trend formula, USDIDR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).