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Forex Trend Analysis Report

Prepared for you on Wednesday, June 12, 2024.

Indonesian Rupiah/Hong Kong Dollar (FOREX:IDRHKD)

Countertrend Down (-85) - IDRHKD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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.

FOREX_IDRHKD
Open High Low IDRHKD Price Change
0.00047887 0.00048339 0.00047866 0.00048129 +0.00000200
Entry Signal

MarketClub’s Trade Triangles for IDRHKD

long term down The long-term trend has been DOWN since Jan 26th, 2024 at 0.00026245

intermediate term down The intermediate-term trend has been DOWN since May 29th, 2024 at 0.00048346

short term up The short-term trend has been UP since Jun 12th, 2024 at 0.00048152

Smart Scan Analysis for IDRHKD

Based on our trend formula, IDRHKD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for IDRHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00047887 0.00048339 0.00047866 0.00048129 +0.00000200
Prev. Close Volume Bid Ask Time
0.00047887 2024-06-12 15:35:39
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