Forex Trend Analysis Report
Prepared for you on Thursday, April 19, 2018.
Hong Kong Dollar/Indonesian Rupiah (FOREX:HKDIDR)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 HKDIDR
The long term trend has been UP since Feb 8th, 2018 at 1746.95
The intermediate term trend has been DOWN since Apr 9th, 2018 at 1742.50
The short term trend has been UP since Apr 17th, 2018 at 1756.00
Smart Scan Analysis for HKDIDR
Based on a pre-defined weighted trend formula for chart analysis, HKDIDR scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).