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Forex Trend Analysis Report

Prepared for you on Friday, May 24, 2024.

Indonesian Rupiah/Singapore Dollar (FOREX:IDRSGD)

Bear Market Rally (-75) - IDRSGD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on IDRSGD as it may be in the beginning of a reversal.

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.

FOREX_IDRSGD
Open High Low IDRSGD Price Change
0.00008398 0.00008424 0.00008397 0.00008418 0.00000000
Entry Signal

MarketClub’s Trade Triangles for IDRSGD

long term down The long-term trend has been DOWN since Jan 26th, 2024 at 0.00004574

intermediate term up The intermediate-term trend has been UP since May 13th, 2024 at 0.00008459

short term down The short-term trend has been DOWN since May 22nd, 2024 at 0.00008417

Smart Scan Analysis for IDRSGD

Based on our trend formula, IDRSGD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for IDRSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00008398 0.00008424 0.00008397 0.00008418 0.00000000
Prev. Close Volume Bid Ask Time
0.00008398 2024-05-24 16:01:05
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