Forex Trend Analysis Report
Prepared for you on Saturday, October 20, 2018.
Swiss Franc/Indonesian Rupiah (FOREX:CHFIDR)
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 CHFIDR
The long term trend has been UP since Aug 8th, 2018 at 14678.20
The intermediate term trend has been UP since May 21st, 2018 at 14210.00
The short term trend has been DOWN since Oct 17th, 2018 at 15298.45
Smart Scan Analysis for CHFIDR
Based on a pre-defined weighted trend formula for chart analysis, CHFIDR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).