Forex Trend Analysis Report
Prepared for you on Wednesday, June 23, 2021.
Indonesian Rupiah/US Dollar (FOREX:IDRUSD)
Strong Downtrend (-100) - IDRUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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.
MarketClub’s Trade Triangles for IDRUSD
The long-term trend has been DOWN since Feb 16th, 2021 at 0.00006811
The intermediate-term trend has been DOWN since Jun 16th, 2021 at 0.00006955
The short-term trend has been DOWN since Jun 15th, 2021 at 0.00007003
Smart Scan Analysis for IDRUSD
Based on our trend formula, IDRUSD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).