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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.

FOREX_HKDIDR
Open High Low HKDIDR Price Change
1860.7615 1863.1527 1858.6609 1858.8308 -1.9307
Entry Signal

MarketClub’s Trade Triangles for HKDIDR

long term up The long-term trend has been UP since Mar 9th, 2020 at 1847.9077

intermediate term up The intermediate-term trend has been UP since Jun 30th, 2020 at 1846.1970

short term up 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).

+90
Smart Scan Analysis for HKDIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1860.7615 1863.1527 1858.6609 1858.8308 -1.9307
Prev. Close Volume Bid Ask Time
1860.7615 1853.1173 1864.5443 2020-07-08 03:33:48
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