Forex Trend Analysis Report
Prepared for you on Tuesday, September 18, 2018.
Hong Kong Dollar/Indonesian Rupiah (FOREX:HKDIDR)
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 HKDIDR
The long term trend has been UP since Feb 8th, 2018 at 1746.95
The intermediate term trend has been UP since Jun 14th, 2018 at 1814.10
The short term trend has been UP since Sep 16th, 2018 at 1898.85
Smart Scan Analysis for HKDIDR
Based on a pre-defined weighted trend formula for chart analysis, HKDIDR scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).