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Forex Trend Analysis Report

Prepared for you on Monday, October 22, 2018.

Indonesian Rupiah/Japanese Yen (FOREX:IDRJPY)

Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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.

FOREX_IDRJPY
Open High Low IDRJPY Price Change
0.743965 0.747845 0.739665 0.742735 -0.001230
Entry Signal

MarketClub’s Trade Triangles for IDRJPY

long term down The long term trend has been DOWN since Aug 8th, 2018 at 0.761135

intermediate term down The intermediate term trend has been DOWN since Oct 8th, 2018 at 0.748335

short term up The short term trend has been UP since Oct 17th, 2018 at 0.739850

Smart Scan Analysis for IDRJPY

Based on a pre-defined weighted trend formula for chart analysis, IDRJPY scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-75
Smart Scan Analysis for IDRJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.743965 0.747845 0.739665 0.742735 -0.001230
Prev. Close Volume Bid Ask Time
0.743965 0.742710 0.742760 2018-10-22 15:17:15
Want to analyze Indonesian Rupiah/Japanese Yen IDRJPY or another symbol? Try our Free Forex Trend Analysis Report.