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.
MarketClub’s Trade Triangles for IDRKRW
The long term trend has been DOWN since Jan 1st, 2018 at 7.86100
The intermediate term trend has been UP since Jan 12th, 2018 at 8.03705
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).