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Forex Trend Analysis Report

Prepared for you on Tuesday, October 19, 2021.

Singapore Dollar/Indonesian Rupiah (FOREX:SGDIDR)

Bear Market Rally (-75) - SGDIDR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SGDIDR as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid SGDIDR?

MarketClub looks at technical strength and momentum to determine if the timing is right for SGDIDR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_SGDIDR
Open High Low SGDIDR Price Change
10463.189 10516.066 10452.315 10490.052 +26.863
Entry Signal

MarketClub’s Trade Triangles for SGDIDR

long term down The long-term trend has been DOWN since Jul 20th, 2021 at 10643.976

intermediate term down The intermediate-term trend has been DOWN since Sep 6th, 2021 at 10551.858

short term up The short-term trend has been UP since Oct 19th, 2021 at 10499.255

Smart Scan Analysis for SGDIDR

Based on our trend formula, SGDIDR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for SGDIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10463.189 10516.066 10452.315 10490.052 +26.863
Prev. Close Volume Bid Ask Time
10463.189 2021-10-19 08:30:53
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