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Forex Trend Analysis Report

Prepared for you on Monday, July 15, 2024.

Indonesian Rupiah/South Korean Won (FOREX:IDRKRW)

Crossroads (+60) - IDRKRW is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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.

FOREX_IDRKRW
Open High Low IDRKRW Price Change
0.08552717 0.08552717 0.08547610 0.08547737 -0.00005000
Entry Signal

MarketClub’s Trade Triangles for IDRKRW

long term down The long-term trend has been DOWN since Jun 5th, 2024 at 0.08401852

intermediate term up The intermediate-term trend has been UP since Jul 8th, 2024 at 0.08498443

short term up The short-term trend has been UP since Jul 5th, 2024 at 0.08493639

Smart Scan Analysis for IDRKRW

Based on our trend formula, IDRKRW is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for IDRKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.08552717 0.08552717 0.08547610 0.08547737 -0.00005000
Prev. Close Volume Bid Ask Time
0.08552717 2024-07-15 00:33:17
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