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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.

FOREX_IDRGBP
Open High Low IDRGBP Price Change
0.00005029 0.00005031 0.00004982 0.00004990 0.00000000
Entry Signal

MarketClub’s Trade Triangles for IDRGBP

long term down The long-term trend has been DOWN since Dec 31st, 2020 at 0.00005170

intermediate term down The intermediate-term trend has been DOWN since Dec 16th, 2020 at 0.00005213

short term down 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).

-80
Smart Scan Analysis for IDRGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00005029 0.00005031 0.00004982 0.00004990 0.00000000
Prev. Close Volume Bid Ask Time
0.00005029 2021-05-10 15:36:47
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