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Forex Trend Analysis Report
Prepared for you on Friday, May 3, 2024.
Indonesian Rupiah/US Dollar (FOREX:IDRUSD)
Sidelines Mode (-55) - IDRUSD 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 IDRUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for IDRUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for IDRUSD
The long-term trend has been DOWN since Jan 25th, 2024 at 0.00006260
The intermediate-term trend has been DOWN since Mar 27th, 2024 at 0.00006335
The short-term trend has been UP since May 1st, 2024 at 0.00006177
Smart Scan Analysis for IDRUSD
Based on our trend formula, IDRUSD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00006212 | 0.00006221 | 0.00006172 | 0.00006219 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00006212 | 2024-05-03 02:14:05 |