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Forex Trend Analysis Report

Prepared for you on Friday, May 24, 2024.

Indonesian Rupiah/Australian Dollar (FOREX:IDRAUD)

Weak Downtrend (-65) - IDRAUD is showing signs of a strengthening downtrend. Monitor IDRAUD as it may be building momentum to the downside.

Is it time to buy, sell, or avoid IDRAUD?

MarketClub looks at technical strength and momentum to determine if the timing is right for IDRAUD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_IDRAUD
Open High Low IDRAUD Price Change
0.00009414 0.00009430 0.00009402 0.00009410 0.00000000
Entry Signal

MarketClub’s Trade Triangles for IDRAUD

long term down The long-term trend has been DOWN since Jan 26th, 2024 at 0.00005213

intermediate term down The intermediate-term trend has been DOWN since Apr 19th, 2024 at 0.00009484

short term up The short-term trend has been UP since May 22nd, 2024 at 0.00009409

Smart Scan Analysis for IDRAUD

Based on our trend formula, IDRAUD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for IDRAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00009414 0.00009430 0.00009402 0.00009410 0.00000000
Prev. Close Volume Bid Ask Time
0.00009414 2024-05-24 11:50:25
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