Forex Trend Analysis Report
Prepared for you on Wednesday, July 18, 2018.
Indonesian Rupiah/Euro (FOREX:IDREUR)
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 IDREUR
The long term trend has been UP since May 16th, 2018 at 0.006015
The intermediate term trend has been DOWN since Jun 25th, 2018 at 0.006075
The short term trend has been UP since Jul 11th, 2018 at 0.005951
Smart Scan Analysis for IDREUR
Based on a pre-defined weighted trend formula for chart analysis, IDREUR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).