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Forex Trend Analysis Report

Prepared for you on Friday, November 16, 2018.

British Pound/Indonesian Rupiah (FOREX:GBPIDR)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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.

FOREX_GBPIDR
Open High Low GBPIDR Price Change
18614.6 18740.6 18595.7 18719.1 +104.5
Entry Signal

MarketClub’s Trade Triangles for GBPIDR

long term up The long term trend has been UP since Aug 31st, 2018 at 19307.00

intermediate term down The intermediate term trend has been DOWN since Oct 30th, 2018 at 19393.75

short term down The short term trend has been DOWN since Nov 15th, 2018 at 18989.55

Smart Scan Analysis for GBPIDR

Based on a pre-defined weighted trend formula for chart analysis, GBPIDR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for GBPIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
18614.6 18740.6 18595.7 18719.1 +104.5
Prev. Close Volume Bid Ask Time
18614.6 18709.8 18728.4 2018-11-16 06:21:46
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