Forex Trend Analysis Report
Prepared for you on Thursday, December 2, 2021.
Indonesian Rupiah/Danish Krone (FOREX:IDRDKK)
Bull Market Weakness (+75) - IDRDKK is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on IDRDKK as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid IDRDKK?
MarketClub looks at technical strength and momentum to determine if the timing is right for IDRDKK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for IDRDKK
The long-term trend has been UP since Jun 8th, 2021 at 0.0004275
The intermediate-term trend has been UP since Nov 17th, 2021 at 0.0004525
The short-term trend has been DOWN since Nov 29th, 2021 at 0.0004625
Smart Scan Analysis for IDRDKK
Based on our trend formula, IDRDKK is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).