Forex Trend Analysis Report
Prepared for you on Friday, September 17, 2021.
South Korean Won/Indonesian Rupiah (FOREX:KRWIDR)
Long-Term Downtrend (-90) - KRWIDR is in a strong downtrend that is likely to continue. While KRWIDR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid KRWIDR?
MarketClub looks at technical strength and momentum to determine if the timing is right for KRWIDR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for KRWIDR
The long-term trend has been DOWN since Sep 8th, 2021 at 12.198269
The intermediate-term trend has been DOWN since Jul 8th, 2021 at 12.662465
The short-term trend has been DOWN since Sep 16th, 2021 at 12.116551
Smart Scan Analysis for KRWIDR
Based on our trend formula, KRWIDR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).