Forex Trend Analysis Report
Prepared for you on Monday, May 10, 2021.
Indonesian Rupiah/British Pound (FOREX:IDRGBP)
Bear Market Rally (-75) - IDRGBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on IDRGBP as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid IDRGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for IDRGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for IDRGBP
The long-term trend has been DOWN since Dec 31st, 2020 at 0.00005170
The intermediate-term trend has been DOWN since Dec 16th, 2020 at 0.00005213
The short-term trend has been DOWN since Apr 19th, 2021 at 0.00004953
Smart Scan Analysis for IDRGBP
Based on our trend formula, IDRGBP is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).