Forex Trend Analysis Report
Prepared for you on Thursday, February 20, 2020.
Singapore Dollar/Indonesian Rupiah (FOREX:SGDIDR)
Long-Term Downtrend (-90) - SGDIDR is in a strong downtrend that is likely to continue. While SGDIDR 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 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.
MarketClub’s Trade Triangles for SGDIDR
The long-term trend has been DOWN since Jul 12th, 2019 at 10326.300
The intermediate-term trend has been DOWN since Nov 28th, 2019 at 10275.651
The short-term trend has been DOWN since Feb 18th, 2020 at 9823.009
Smart Scan Analysis for SGDIDR
Based on our trend formula, SGDIDR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).