Forex Trend Analysis Report
Prepared for you on Tuesday, March 20, 2018.
Indonesian Rupiah/Indian Rupee (FOREX:IDRINR)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 IDRINR
The long term trend has been UP since Sep 21st, 2017 at 0.00487
The intermediate term trend has been UP since Feb 20th, 2018 at 0.00478
The short term trend has been UP since Mar 18th, 2018 at 0.00474
Smart Scan Analysis for IDRINR
Based on a pre-defined weighted trend formula for chart analysis, IDRINR scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).