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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.

FOREX_IDRKRW
Open High Low IDRKRW Price Change
8.36465 8.36465 8.30870 8.35805 -0.00660
Entry Signal

MarketClub’s Trade Triangles for IDRKRW

long term up The long term trend has been UP since Sep 25th, 2017 at 8.71235

intermediate term down The intermediate term trend has been DOWN since Oct 10th, 2017 at 8.41850

short term down 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).

-60
Smart Scan Analysis for IDRKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.36465 8.36465 8.30870 8.35805 -0.00660
Prev. Close Volume Bid Ask Time
8.36465 8.34860 8.36750 2017-10-23 16:23:52
Want to analyze Indonesian Rupiah/South Korean Won IDRKRW or another symbol? Try our Free Forex Trend Analysis Report.