Forex Trend Analysis Report
Prepared for you on Thursday, January 17, 2019.
Indonesian Rupiah/Japanese Yen (FOREX:IDRJPY)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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.
MarketClub’s Trade Triangles for IDRJPY
The long term trend has been UP since Nov 7th, 2018 at 0.775415
The intermediate term trend has been DOWN since Dec 20th, 2018 at 0.770715
The short term trend has been UP since Jan 16th, 2019 at 0.771555
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).