Forex Trend Analysis Report
Prepared for you on Monday, October 23, 2017.
Indonesian Rupiah/Indian Rupee (FOREX:IDRINR)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 IDRINR
The long term trend has been UP since Sep 21st, 2017 at 0.00487
The intermediate term trend has been DOWN since Oct 4th, 2017 at 0.00482
The short term trend has been UP since Oct 18th, 2017 at 0.00482
Smart Scan Analysis for IDRINR
Based on a pre-defined weighted trend formula for chart analysis, IDRINR scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).