Forex Trend Analysis Report
Prepared for you on Thursday, February 25, 2021.
Indonesian Rupiah/Singapore Dollar (FOREX:IDRSGD)
Long-Term Downtrend (-90) - IDRSGD is in a strong downtrend that is likely to continue. While IDRSGD 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 IDRSGD?
MarketClub looks at technical strength and momentum to determine if the timing is right for IDRSGD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for IDRSGD
The long-term trend has been DOWN since Aug 12th, 2020 at 0.00929487
The intermediate-term trend has been DOWN since Feb 16th, 2021 at 0.00009395
The short-term trend has been DOWN since Feb 16th, 2021 at 0.00009465
Smart Scan Analysis for IDRSGD
Based on our trend formula, IDRSGD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).