Forex Trend Analysis Report
Prepared for you on Tuesday, August 21, 2018.
Indonesian Rupiah/Japanese Yen (FOREX:IDRJPY)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 Jul 23rd, 2018 at 0.767335
The short term trend has been UP since Aug 21st, 2018 at 0.761060
Smart Scan Analysis for IDRJPY
Based on a pre-defined weighted trend formula for chart analysis, IDRJPY scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).