Forex Trend Analysis Report
Prepared for you on Tuesday, August 21, 2018.
Indonesian Rupiah/Australian Dollar (FOREX:IDRAUD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 Aug 8th, 2018 at 0.009237
The intermediate term trend has been UP since Aug 10th, 2018 at 0.009463
The short term trend has been DOWN since Aug 15th, 2018 at 0.009422
Smart Scan Analysis for IDRAUD
Based on a pre-defined weighted trend formula for chart analysis, IDRAUD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).