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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.

FOREX_EURIDR
Open High Low EURIDR Price Change
16283.987 16297.500 16283.987 16297.500 +13.513
Entry Signal

MarketClub’s Trade Triangles for EURIDR

long term down The long-term trend has been DOWN since Oct 6th, 2021 at 16561.137

intermediate term up The intermediate-term trend has been UP since Dec 6th, 2021 at 16281.557

short term down 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).

-55
Smart Scan Analysis for EURIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
16283.987 16297.500 16283.987 16297.500 +13.513
Prev. Close Volume Bid Ask Time
16288.410 2022-01-19 14:37:32
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