Forex Trend Analysis Report
Prepared for you on Wednesday, July 18, 2018.
Indonesian Rupiah/Chinese Renminbi Yuan (FOREX:IDRCNY)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 IDRCNY
The long term trend has been UP since Jun 19th, 2018 at 0.046690
The intermediate term trend has been UP since May 28th, 2018 at 0.045610
The short term trend has been DOWN since Jul 18th, 2018 at 0.046361
Smart Scan Analysis for IDRCNY
Based on a pre-defined weighted trend formula for chart analysis, IDRCNY scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).