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Forex Trend Analysis Report

Prepared for you on Tuesday, July 23, 2024.

Indonesian Rupiah/Swedish Krona (FOREX:IDRSEK)

Sidelines Mode (+50) - IDRSEK is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until IDRSEK can gain momentum.

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.

FOREX_IDRSEK
Open High Low IDRSEK Price Change
0.00065716 0.00065716 0.00065716 0.00065716 0.00000000
Entry Signal

MarketClub’s Trade Triangles for IDRSEK

long term down The long-term trend has been DOWN since Jun 4th, 2024 at 0.00065478

intermediate term up The intermediate-term trend has been UP since Jul 1st, 2024 at 0.00064555

short term up The short-term trend has been UP since Jul 12th, 2024 at 0.00064994

Smart Scan Analysis for IDRSEK

Based on our trend formula, IDRSEK is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for IDRSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00065716 0.00065716 0.00065716 0.00065716 0.00000000
Prev. Close Volume Bid Ask Time
0.00065719 0.00065381 0.00066050 2024-07-22 01:33:48
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