Forex Trend Analysis Report
Prepared for you on Friday, January 28, 2022.
Indonesian Rupiah/US Dollar (FOREX:IDRUSD)
Bear Market Rally (-75) - IDRUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on IDRUSD as it may be in the beginning of a reversal.
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 Dec 3rd, 2021 at 0.00006918
The intermediate-term trend has been UP since Jan 26th, 2022 at 0.00007026
The short-term trend has been DOWN since Jan 26th, 2022 at 0.00006950
Smart Scan Analysis for IDRUSD
Based on our trend formula, IDRUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).