Forex Trend Analysis Report
Prepared for you on Friday, March 5, 2021.
Indonesian Rupiah/Thai Baht (FOREX:IDRTHB)
Sidelines Mode (-55) - IDRTHB 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 IDRTHB?
MarketClub looks at technical strength and momentum to determine if the timing is right for IDRTHB.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for IDRTHB
The long-term trend has been DOWN since Aug 3rd, 2020 at 0.21250840
The intermediate-term trend has been DOWN since Feb 16th, 2021 at 0.00211868
The short-term trend has been UP since Mar 3rd, 2021 at 0.00213132
Smart Scan Analysis for IDRTHB
Based on our trend formula, IDRTHB is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).