Forex Trend Analysis Report
Prepared for you on Friday, August 18, 2017.
Australian Dollar/Indonesian Rupiah (FOREX:AUDIDR)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 Jul 3rd, 2017 at 10246.5
The intermediate term trend has been UP since Jun 7th, 2017 at 10007.2
The short term trend has been UP since Aug 15th, 2017 at 10519.2
Smart Scan Analysis for AUDIDR
Based on a pre-defined weighted trend formula for chart analysis, AUDIDR scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).