Forex Trend Analysis Report
Prepared for you on Tuesday, October 16, 2018.
Chinese Renminbi Yuan/Indonesian Rupiah (FOREX:CNYIDR)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 CNYIDR
The long term trend has been UP since Sep 28th, 2018 at 2193.0
The intermediate term trend has been UP since Sep 3rd, 2018 at 2169.7
The short term trend has been DOWN since Oct 11th, 2018 at 2182.9
Smart Scan Analysis for CNYIDR
Based on a pre-defined weighted trend formula for chart analysis, CNYIDR scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).