Forex Trend Analysis Report
Prepared for you on Tuesday, April 13, 2021.
Indonesian Rupiah/South Korean Won (FOREX:IDRKRW)
Countertrend Down (-85) - IDRKRW 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 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 Apr 7th, 2021 at 0.07678433
The intermediate-term trend has been DOWN since Mar 30th, 2021 at 0.07758612
The short-term trend has been UP since Apr 12th, 2021 at 0.07696533
Smart Scan Analysis for IDRKRW
Based on our trend formula, IDRKRW is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).