Forex Trend Analysis Report
Prepared for you on Tuesday, February 20, 2018.
Indonesian Rupiah/Australian Dollar (FOREX:IDRAUD)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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 Jan 17th, 2018 at 0.00937
The intermediate term trend has been DOWN since Dec 14th, 2017 at 0.00967
The short term trend has been DOWN since Feb 12th, 2018 at 0.00935
Smart Scan Analysis for IDRAUD
Based on a pre-defined weighted trend formula for chart analysis, IDRAUD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).