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.
MarketClub’s Trade Triangles for GBPIDR
The long-term trend has been DOWN since Sep 19th, 2021 at 19527.505
The intermediate-term trend has been DOWN since Aug 12th, 2022 at 17781.520
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).