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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.

FOREX_KRWIDR
Open High Low KRWIDR Price Change
12.083105 12.102122 12.060940 12.084077 +0.000972
Entry Signal

MarketClub’s Trade Triangles for KRWIDR

long term down The long-term trend has been DOWN since Sep 8th, 2021 at 12.198269

intermediate term down The intermediate-term trend has been DOWN since Jul 8th, 2021 at 12.662465

short term down 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).

-90
Smart Scan Analysis for KRWIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12.083105 12.102122 12.060940 12.084077 +0.000972
Prev. Close Volume Bid Ask Time
12.083105 2021-09-17 05:19:46
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