Forex Trend Analysis Report
Prepared for you on Thursday, January 20, 2022.
Euro/Indonesian Rupiah (FOREX:EURIDR)
Sidelines Mode (-55) - EURIDR 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 EURIDR?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURIDR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURIDR
The long-term trend has been DOWN since Oct 6th, 2021 at 16561.137
The intermediate-term trend has been UP since Dec 6th, 2021 at 16281.557
The short-term trend has been DOWN since Jan 18th, 2022 at 16321.000
Smart Scan Analysis for EURIDR
Based on our trend formula, EURIDR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).