Forex Trend Analysis Report
Prepared for you on Thursday, August 13, 2020.
US Dollar/Indonesian Rupiah (FOREX:USDIDR)
Bull Market Weakness (+75) - USDIDR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDIDR as it may be in the beginning stages of a reversal.
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 Jun 5th, 2020 at 13919.507
The intermediate-term trend has been UP since Jun 28th, 2020 at 14489.500
The short-term trend has been UP since Aug 13th, 2020 at 14887.500
Smart Scan Analysis for USDIDR
Based on our trend formula, USDIDR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).