Forex Trend Analysis Report
Prepared for you on Sunday, September 24, 2017.
Swiss Franc/Indonesian Rupiah (FOREX:CHFIDR)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend 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 CHFIDR
The long term trend has been DOWN since Sep 22nd, 2017 at 13623.0
The intermediate term trend has been DOWN since Sep 12th, 2017 at 13744.5
The short term trend has been DOWN since Sep 21st, 2017 at 13708.0
Smart Scan Analysis for CHFIDR
Based on a pre-defined weighted trend formula for chart analysis, CHFIDR scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).