Forex Trend Analysis Report
Prepared for you on Sunday, September 24, 2017.
Indonesian Rupiah/Australian Dollar (FOREX:IDRAUD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 DOWN since Jul 3rd, 2017 at 0.00976
The intermediate term trend has been DOWN since Jun 7th, 2017 at 0.00999
The short term trend has been UP since Sep 21st, 2017 at 0.00950
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).