Free Daily Analysis

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.

FOREX_IDRNZD
Open High Low IDRNZD Price Change
0.00010028 0.00010074 0.00010027 0.00010069 0.00000000
Entry Signal

MarketClub’s Trade Triangles for IDRNZD

long term down The long-term trend has been DOWN since Jun 12th, 2020 at 0.01111158

intermediate term down The intermediate-term trend has been DOWN since Nov 23rd, 2020 at 0.00010142

short term down 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).

-90
Smart Scan Analysis for IDRNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00010028 0.00010074 0.00010027 0.00010069 0.00000000
Prev. Close Volume Bid Ask Time
0.00010028 2020-12-04 05:37:41
Get a free daily analysis and signals for Indonesian Rupiah/New Zealand Dollar (IDRNZD) - Request Your Free Report.