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Forex Trend Analysis Report

Prepared for you on Thursday, March 23, 2023.

Hong Kong Dollar/Indonesian Rupiah (FOREX:HKDIDR)

Strong Downtrend (-100) - HKDIDR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, HKDIDR continues to fall. Traders should use caution and set stops.

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.

FOREX_HKDIDR
Open High Low HKDIDR Price Change
1921.9665 1928.7587 1915.0556 1921.6964 -0.2701
Entry Signal

MarketClub’s Trade Triangles for HKDIDR

long term down The long-term trend has been DOWN since Jan 15th, 2023 at 1929.1060

intermediate term down The intermediate-term trend has been DOWN since Mar 22nd, 2023 at 1938.4540

short term down The short-term trend has been DOWN since Mar 16th, 2023 at 1954.2024

Smart Scan Analysis for HKDIDR

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

-100
Smart Scan Analysis for HKDIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1921.9665 1928.7587 1915.0556 1921.6964 -0.2701
Prev. Close Volume Bid Ask Time
1921.9665 2023-03-23 19:51:51
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