Forex Trend Analysis Report
Prepared for you on Monday, May 21, 2018.
British Pound/Indonesian Rupiah (FOREX:GBPIDR)
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 GBPIDR
The long term trend has been UP since Apr 18th, 2017 at 16990.5
The intermediate term trend has been DOWN since Apr 27th, 2018 at 19230.0
The short term trend has been UP since May 15th, 2018 at 19102.0
Smart Scan Analysis for GBPIDR
Based on a pre-defined weighted trend formula for chart analysis, GBPIDR scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).