Forex Trend Analysis Report
Prepared for you on Tuesday, December 5, 2023.
Indonesian Rupiah/Euro (FOREX:IDREUR)
Sidelines Mode (-55) - IDREUR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid IDREUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for IDREUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for IDREUR
The long-term trend has been DOWN since Oct 23rd, 2023 at 0.00005915
The intermediate-term trend has been DOWN since Nov 30th, 2023 at 0.00005863
The short-term trend has been UP since Dec 4th, 2023 at 0.00005969
Smart Scan Analysis for IDREUR
Based on our trend formula, IDREUR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).