Forex Trend Analysis Report
Prepared for you on Friday, February 28, 2020.
New Zealand Dollar/Indonesian Rupiah (FOREX:NZDIDR)
Bear Market Rally (-75) - NZDIDR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on NZDIDR as it may be in the beginning of a reversal.
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 DOWN since Jan 27th, 2020 at 8829.500
The intermediate-term trend has been UP since Feb 28th, 2020 at 8936.347
The short-term trend has been DOWN since Feb 28th, 2020 at 8703.825
Smart Scan Analysis for NZDIDR
Based on our trend formula, NZDIDR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).