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Forex Trend Analysis Report

Prepared for you on Thursday, August 18, 2022.

British Pound/Indonesian Rupiah (FOREX:GBPIDR)

Countertrend Down (-85) - GBPIDR 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 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.

FOREX_GBPIDR
Open High Low GBPIDR Price Change
17853.714 17906.821 17669.048 17710.602 -143.112
Entry Signal

MarketClub’s Trade Triangles for GBPIDR

long term down The long-term trend has been DOWN since Sep 19th, 2021 at 19527.505

intermediate term down The intermediate-term trend has been DOWN since Aug 12th, 2022 at 17781.520

short term up The short-term trend has been UP since Aug 18th, 2022 at 17889.858

Smart Scan Analysis for GBPIDR

Based on our trend formula, GBPIDR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for GBPIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
17853.714 17906.821 17669.048 17710.602 -143.112
Prev. Close Volume Bid Ask Time
17853.714 2022-08-18 21:53:54
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