Forex Trend Analysis Report
Prepared for you on Friday, January 15, 2021.
Euro/Indonesian Rupiah (FOREX:EURIDR)
Countertrend Down (-85) - EURIDR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 Nov 2nd, 2020 at 17070.885
The intermediate-term trend has been DOWN since Jan 5th, 2021 at 17050.000
The short-term trend has been UP since Jan 11th, 2021 at 17100.000
Smart Scan Analysis for EURIDR
Based on our trend formula, EURIDR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).