Forex Trend Analysis Report
Prepared for you on Wednesday, October 18, 2017.
Australian Dollar/Indonesian Rupiah (FOREX:AUDIDR)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 Sep 25th, 2017 at 9811.8
The intermediate term trend has been UP since Oct 16th, 2017 at 10673.0
The short term trend has been DOWN since Oct 17th, 2017 at 10581.0
Smart Scan Analysis for AUDIDR
Based on a pre-defined weighted trend formula for chart analysis, AUDIDR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).