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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
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.
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MarketClub’s Trade Triangles for USDIDR
The long-term trend has been DOWN since Jul 22nd, 2024 at 15768.9
The intermediate-term trend has been DOWN since Jul 7th, 2024 at 16249.0
The short-term trend has been UP since Jul 24th, 2024 at 16236.0
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 16296.45 | 16319.80 | 16248.25 | 16304.15 | +7.70 |
| Prev. Close | Volume | Bid | Ask | Time |
| 16296.45 | 2024-07-26 19:42:38 |