Forex Trend Analysis Report
Prepared for you on Wednesday, June 28, 2017.
Australian Dollar/Indonesian Rupiah (FOREX:AUDIDR)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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 DOWN since Apr 13th, 2017 at 9665.55
The intermediate term trend has been UP since Jun 7th, 2017 at 10007.20
The short term trend has been UP since Jun 28th, 2017 at 10136.45
Smart Scan Analysis for AUDIDR
Based on a pre-defined weighted trend formula for chart analysis, AUDIDR scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).