Forex Trend Analysis Report
Prepared for you on Tuesday, May 11, 2021.
British Pound/Indonesian Rupiah (FOREX:GBPIDR)
Countertrend Up (+85) - GBPIDR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 Jan 27th, 2021 at 19358.096
The intermediate-term trend has been UP since Mar 19th, 2021 at 20136.117
The short-term trend has been UP since Apr 14th, 2021 at 20095.491
Smart Scan Analysis for GBPIDR
Based on our trend formula, GBPIDR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).