Forex Trend Analysis Report
Prepared for you on Monday, October 23, 2017.
Indonesian Rupiah/South Korean Won (FOREX:IDRKRW)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 IDRKRW
The long term trend has been UP since Sep 25th, 2017 at 8.71235
The intermediate term trend has been DOWN since Oct 10th, 2017 at 8.41850
The short term trend has been DOWN since Oct 23rd, 2017 at 8.34910
Smart Scan Analysis for IDRKRW
Based on a pre-defined weighted trend formula for chart analysis, IDRKRW scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).