Forex Trend Analysis Report
Prepared for you on Friday, September 22, 2023.
British Pound/Indonesian Rupiah (FOREX:GBPIDR)
Crossroads (-60) - GBPIDR 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 GBPIDR?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPIDR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPIDR
The long-term trend has been UP since Jun 16th, 2023 at 19172.625
The intermediate-term trend has been DOWN since Aug 28th, 2023 at 19196.726
The short-term trend has been DOWN since Sep 13th, 2023 at 19126.365
Smart Scan Analysis for GBPIDR
Based on our trend formula, GBPIDR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).