Forex Trend Analysis Report
Prepared for you on Monday, September 20, 2021.
Indonesian Rupiah/Swedish Krona (FOREX:IDRSEK)
Sidelines Mode (+55) - IDRSEK 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 IDRSEK?
MarketClub looks at technical strength and momentum to determine if the timing is right for IDRSEK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for IDRSEK
The long-term trend has been UP since Jun 15th, 2021 at 0.000581
The intermediate-term trend has been DOWN since Sep 6th, 2021 at 0.000602
The short-term trend has been UP since Sep 13th, 2021 at 0.000604
Smart Scan Analysis for IDRSEK
Based on our trend formula, IDRSEK is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).