Forex Trend Analysis Report
Prepared for you on Friday, December 3, 2021.
Indonesian Rupiah/Hong Kong Dollar (FOREX:IDRHKD)
Weak Downtrend (-65) - IDRHKD is showing signs of a strengthening downtrend. Monitor IDRHKD as it may be building momentum to the downside.
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 UP since Oct 8th, 2021 at 0.00054834
The intermediate-term trend has been DOWN since Dec 2nd, 2021 at 0.00053961
The short-term trend has been DOWN since Dec 2nd, 2021 at 0.00054214
Smart Scan Analysis for IDRHKD
Based on our trend formula, IDRHKD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).