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.
MarketClub’s Trade Triangles for IDRJPY
The long term trend has been DOWN since Aug 8th, 2018 at 0.761135
The intermediate term trend has been DOWN since Oct 8th, 2018 at 0.748335
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).