Forex Trend Analysis Report
Prepared for you on Tuesday, May 22, 2018.
Australian Dollar/Indonesian Rupiah (FOREX:AUDIDR)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 May 1st, 2018 at 10459.5
The intermediate term trend has been UP since May 20th, 2018 at 10645.0
The short term trend has been UP since May 16th, 2018 at 10572.5
Smart Scan Analysis for AUDIDR
Based on a pre-defined weighted trend formula for chart analysis, AUDIDR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).