Forex Trend Analysis Report
Prepared for you on Saturday, October 24, 2020.
South Korean Won/Indonesian Rupiah (FOREX:KRWIDR)
Long-Term Uptrend (+90) - KRWIDR is in a strong uptrend that is likely to continue. While KRWIDR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Aug 12th, 2020 at 12.466782
The intermediate-term trend has been UP since Sep 14th, 2020 at 12.577925
The short-term trend has been UP since Oct 21st, 2020 at 12.916358
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).