Forex Trend Analysis Report
Prepared for you on Friday, March 5, 2021.
New Zealand Dollar/Indonesian Rupiah (FOREX:NZDIDR)
Sidelines Mode (+55) - NZDIDR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid NZDIDR?
MarketClub looks at technical strength and momentum to determine if the timing is right for NZDIDR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NZDIDR
The long-term trend has been UP since Feb 16th, 2021 at 10223.364
The intermediate-term trend has been UP since Feb 16th, 2021 at 10189.736
The short-term trend has been DOWN since Mar 1st, 2021 at 10327.423
Smart Scan Analysis for NZDIDR
Based on our trend formula, NZDIDR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).