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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.

FOREX_USDIDR
Open High Low USDIDR Price Change
14088.450 14111.694 14021.650 14082.111 -6.339
Entry Signal

MarketClub’s Trade Triangles for USDIDR

long term down The long-term trend has been DOWN since Nov 4th, 2020 at 14414.842

intermediate term up The intermediate-term trend has been UP since Feb 21st, 2021 at 14123.000

short term down 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).

+55
Smart Scan Analysis for USDIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
14088.450 14111.694 14021.650 14082.111 -6.339
Prev. Close Volume Bid Ask Time
14088.450 2021-02-24 18:17:44
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