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.
MarketClub’s Trade Triangles for GBPIDR
The long term trend has been UP since Aug 31st, 2018 at 19307.00
The intermediate term trend has been DOWN since Oct 30th, 2018 at 19393.75
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).