Forex Trend Analysis Report
Prepared for you on Monday, March 20, 2023.
Indonesian Rupiah/South Korean Won (FOREX:IDRKRW)
Bear Market Rally (-75) - IDRKRW is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on IDRKRW as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid IDRKRW?
MarketClub looks at technical strength and momentum to determine if the timing is right for IDRKRW.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for IDRKRW
The long-term trend has been DOWN since Nov 9th, 2022 at 0.08682635
The intermediate-term trend has been DOWN since Mar 13th, 2023 at 0.08443450
The short-term trend has been UP since Mar 15th, 2023 at 0.08536713
Smart Scan Analysis for IDRKRW
Based on our trend formula, IDRKRW is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).