Forex Trend Analysis Report
Prepared for you on Saturday, May 15, 2021.
Euro/Indonesian Rupiah (FOREX:EURIDR)
Crossroads (-60) - EURIDR is struggling to move into a solid trend. Beware of choppy markets 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 UP since Feb 16th, 2021 at 17392.106
The intermediate-term trend has been DOWN since May 9th, 2021 at 17284.000
The short-term trend has been DOWN since Apr 30th, 2021 at 17503.529
Smart Scan Analysis for EURIDR
Based on our trend formula, EURIDR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).