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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

Indonesian Rupiah/South Korean Won (FOREX:IDRKRW)

Strong Downtrend (-100) - IDRKRW is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, IDRKRW continues to fall. Traders should use caution and set stops.

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
0.08496639 0.08496639 0.08467455 0.08473926 -0.00022700
Entry Signal

MarketClub’s Trade Triangles for IDRKRW

long term down The long-term trend has been DOWN since Jul 17th, 2023 at 0.08495150

intermediate term down The intermediate-term trend has been DOWN since Mar 11th, 2024 at 0.08431670

short term down The short-term trend has been DOWN since Mar 20th, 2024 at 0.08476828

Smart Scan Analysis for IDRKRW

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

-100
Smart Scan Analysis for IDRKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.08496639 0.08496639 0.08467455 0.08473926 -0.00022700
Prev. Close Volume Bid Ask Time
0.08496639 2024-03-29 02:35:34
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