Forex Trend Analysis Report
Prepared for you on Tuesday, August 21, 2018.
Indonesian Rupiah/Hong Kong Dollar (FOREX:IDRHKD)
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 IDRHKD
The long term trend has been DOWN since Mar 9th, 2018 at 0.000570
The intermediate term trend has been DOWN since Jun 28th, 2018 at 0.000550
The short term trend has been UP since Aug 20th, 2018 at 0.000541
Smart Scan Analysis for IDRHKD
Based on a pre-defined weighted trend formula for chart analysis, IDRHKD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).