Forex Trend Analysis Report
Prepared for you on Thursday, May 24, 2018.
Swiss Franc/Indonesian Rupiah (FOREX:CHFIDR)
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 CHFIDR
The long term trend has been DOWN since May 1st, 2018 at 14008.0
The intermediate term trend has been UP since May 21st, 2018 at 14210.0
The short term trend has been UP since May 15th, 2018 at 14027.5
Smart Scan Analysis for CHFIDR
Based on a pre-defined weighted trend formula for chart analysis, CHFIDR scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).