Forex Trend Analysis Report
Prepared for you on Wednesday, May 27, 2020.
Indonesian Rupiah/Hong Kong Dollar (FOREX:IDRHKD)
Sidelines Mode (+55) - IDRHKD 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 IDRHKD?
MarketClub looks at technical strength and momentum to determine if the timing is right for IDRHKD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for IDRHKD
The long-term trend has been DOWN since Mar 9th, 2020 at 0.00054170
The intermediate-term trend has been UP since Apr 13th, 2020 at 0.00049466
The short-term trend has been DOWN since May 27th, 2020 at 0.00052524
Smart Scan Analysis for IDRHKD
Based on our trend formula, IDRHKD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).