Forex Trend Analysis Report
Prepared for you on Wednesday, March 29, 2017.
Indonesian Rupiah/Australian Dollar (FOREX:IDRAUD)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend 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 IDRAUD
The long term trend has been DOWN since Feb 21st, 2017 at 0.00970
The intermediate term trend has been DOWN since Mar 20th, 2017 at 0.00971
The short term trend has been DOWN since Mar 28th, 2017 at 0.00983
Smart Scan Analysis for IDRAUD
Based on a pre-defined weighted trend formula for chart analysis, IDRAUD scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).