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Forex Trend Analysis Report

Prepared for you on Thursday, January 17, 2019.

Indonesian Rupiah/South Korean Won (FOREX:IDRKRW)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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.

FOREX_IDRKRW
Open High Low IDRKRW Price Change
7.91480 7.97505 7.88995 7.91240 -0.00240
Entry Signal

MarketClub’s Trade Triangles for IDRKRW

long term up The long term trend has been UP since Nov 30th, 2018 at 7.8607

intermediate term up The intermediate term trend has been UP since Jan 3rd, 2019 at 7.8523

short term down The short term trend has been DOWN since Jan 15th, 2019 at 7.9187

Smart Scan Analysis for IDRKRW

Based on a pre-defined weighted trend formula for chart analysis, IDRKRW scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+85
Smart Scan Analysis for IDRKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.91480 7.97505 7.88995 7.91240 -0.00240
Prev. Close Volume Bid Ask Time
7.91480 7.90310 7.92170 2019-01-17 20:00:16
Want to analyze Indonesian Rupiah/South Korean Won IDRKRW or another symbol? Try our Free Forex Trend Analysis Report.