Forex Trend Analysis Report
Prepared for you on Wednesday, July 8, 2020.
Hong Kong Dollar/Indonesian Rupiah (FOREX:HKDIDR)
Long-Term Uptrend (+90) - HKDIDR is in a strong uptrend that is likely to continue. While HKDIDR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid HKDIDR?
MarketClub looks at technical strength and momentum to determine if the timing is right for HKDIDR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HKDIDR
The long-term trend has been UP since Mar 9th, 2020 at 1847.9077
The intermediate-term trend has been UP since Jun 30th, 2020 at 1846.1970
The short-term trend has been UP since Jun 22nd, 2020 at 1830.7689
Smart Scan Analysis for HKDIDR
Based on our trend formula, HKDIDR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).