Forex Trend Analysis Report
Prepared for you on Sunday, August 1, 2021.
Indonesian Rupiah/New Zealand Dollar (FOREX:IDRNZD)
Crossroads (+60) - IDRNZD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 UP since Jun 22nd, 2021 at 0.00009850
The short-term trend has been UP since Jul 28th, 2021 at 0.00009950
Smart Scan Analysis for IDRNZD
Based on our trend formula, IDRNZD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).