Forex Trend Analysis Report
Prepared for you on Monday, August 20, 2018.
Swiss Franc/Indonesian Rupiah (FOREX:CHFIDR)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend 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 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 UP since Aug 8th, 2018 at 14614.15
Smart Scan Analysis for CHFIDR
Based on a pre-defined weighted trend formula for chart analysis, CHFIDR scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).