Forex Trend Analysis Report
Prepared for you on Thursday, April 26, 2018.
Indonesian Rupiah/Chinese Renminbi Yuan (FOREX:IDRCNY)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 IDRCNY
The long term trend has been DOWN since Jan 3rd, 2018 at 0.047920
The intermediate term trend has been DOWN since Jan 21st, 2018 at 0.047915
The short term trend has been UP since Apr 24th, 2018 at 0.045545
Smart Scan Analysis for IDRCNY
Based on a pre-defined weighted trend formula for chart analysis, IDRCNY scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).