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Forex Trend Analysis Report

Prepared for you on Wednesday, October 4, 2023.

Indonesian Rupiah/British Pound (FOREX:IDRGBP)

Long-Term Uptrend (+90) - IDRGBP is in a strong uptrend that is likely to continue. While IDRGBP is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
0.00005303 0.00005310 0.00005295 0.00005298 0.00000000
Entry Signal

MarketClub’s Trade Triangles for IDRGBP

long term up The long-term trend has been UP since Oct 2nd, 2023 at 0.00005325

intermediate term up The intermediate-term trend has been UP since Aug 28th, 2023 at 0.00005209

short term up The short-term trend has been UP since Oct 2nd, 2023 at 0.00005308

Smart Scan Analysis for IDRGBP

Based on our trend formula, IDRGBP is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for IDRGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00005303 0.00005310 0.00005295 0.00005298 0.00000000
Prev. Close Volume Bid Ask Time
0.00005303 2023-10-04 03:48:51
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