Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
US Dollar/Indonesian Rupiah (FOREX:USDIDR)
Countertrend Down (-85) - USDIDR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid USDIDR?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDIDR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDIDR
The long-term trend has been DOWN since Oct 13th, 2021 at 14167.5
The intermediate-term trend has been DOWN since Oct 12th, 2021 at 14188.8
The short-term trend has been UP since Oct 21st, 2021 at 14161.5
Smart Scan Analysis for USDIDR
Based on our trend formula, USDIDR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).