Forex Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
Indonesian Rupiah/New Zealand Dollar (FOREX:IDRNZD)
Long-Term Downtrend (-90) - IDRNZD is in a strong downtrend that is likely to continue. While IDRNZD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid IDRNZD?
MarketClub looks at technical strength and momentum to determine if the timing is right for IDRNZD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for IDRNZD
The long-term trend has been DOWN since Jun 12th, 2020 at 0.01111158
The intermediate-term trend has been DOWN since Nov 23rd, 2020 at 0.00010142
The short-term trend has been DOWN since Nov 12th, 2020 at 0.00010249
Smart Scan Analysis for IDRNZD
Based on our trend formula, IDRNZD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).