Forex Trend Analysis Report
Prepared for you on Friday, October 19, 2018.
Australian Dollar/Indonesian Rupiah (FOREX:AUDIDR)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for AUDIDR
The long term trend has been UP since Aug 8th, 2018 at 10827.90
The intermediate term trend has been UP since Sep 18th, 2018 at 10748.40
The short term trend has been DOWN since Oct 17th, 2018 at 10798.45
Smart Scan Analysis for AUDIDR
Based on a pre-defined weighted trend formula for chart analysis, AUDIDR scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).