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Forex Trend Analysis Report

Prepared for you on Monday, January 22, 2018.

Indonesian Rupiah/South Korean Won (FOREX:IDRKRW)

Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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.

FOREX_IDRKRW
Open High Low IDRKRW Price Change
8.00590 8.03245 8.00590 8.01455 +0.00865
Entry Signal

MarketClub’s Trade Triangles for IDRKRW

long term down The long term trend has been DOWN since Jan 1st, 2018 at 7.86100

intermediate term up The intermediate term trend has been UP since Jan 12th, 2018 at 8.03705

short term up The short term trend has been UP since Jan 22nd, 2018 at 8.02980

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).

+60
Smart Scan Analysis for IDRKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.00590 8.03245 8.00590 8.01455 +0.00865
Prev. Close Volume Bid Ask Time
8.00590 8.00540 8.02370 2018-01-22 09:21:49
Want to analyze Indonesian Rupiah/South Korean Won IDRKRW or another symbol? Try our Free Forex Trend Analysis Report.