Forex Trend Analysis Report
Prepared for you on Friday, May 26, 2017.
Indonesian Rupiah/Australian Dollar (FOREX:IDRAUD)
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 IDRAUD
The long term trend has been UP since Apr 13th, 2017 at 0.010345
The intermediate term trend has been UP since Apr 7th, 2017 at 0.009995
The short term trend has been DOWN since May 18th, 2017 at 0.010100
Smart Scan Analysis for IDRAUD
Based on a pre-defined weighted trend formula for chart analysis, IDRAUD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).