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Forex Trend Analysis Report

Prepared for you on Tuesday, October 23, 2018.

Indonesian Rupiah/Indian Rupee (FOREX:IDRINR)

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.

FOREX_IDRINR
Open High Low IDRINR Price Change
0.004850 0.004864 0.004828 0.004832 -0.000018
Entry Signal

MarketClub’s Trade Triangles for IDRINR

long term up The long term trend has been UP since Sep 24th, 2018 at 0.004920

intermediate term down The intermediate term trend has been DOWN since Oct 3rd, 2018 at 0.004824

short term up The short term trend has been UP since Oct 22nd, 2018 at 0.004870

Smart Scan Analysis for IDRINR

Based on a pre-defined weighted trend formula for chart analysis, IDRINR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for IDRINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.004850 0.004864 0.004828 0.004832 -0.000018
Prev. Close Volume Bid Ask Time
0.004850 0.004831 0.004833 2018-10-23 16:07:52
Want to analyze Indonesian Rupiah/Indian Rupee IDRINR or another symbol? Try our Free Forex Trend Analysis Report.