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Forex Trend Analysis Report

Prepared for you on Tuesday, May 26, 2020.

Indonesian Rupiah/South Korean Won (FOREX:IDRKRW)

Sidelines Mode (+55) - IDRKRW is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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
8.372571 8.378733 8.338732 8.373407 +0.000836
Entry Signal

MarketClub’s Trade Triangles for IDRKRW

long term down The long-term trend has been DOWN since Mar 1st, 2020 at 8.266043

intermediate term up The intermediate-term trend has been UP since Apr 20th, 2020 at 7.902563

short term down The short-term trend has been DOWN since May 25th, 2020 at 8.308100

Smart Scan Analysis for IDRKRW

Based on our trend formula, IDRKRW is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for IDRKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.372571 8.378733 8.338732 8.373407 +0.000836
Prev. Close Volume Bid Ask Time
8.372571 8.366609 8.380205 2020-05-26 08:45:12
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