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Forex Trend Analysis Report

Prepared for you on Wednesday, April 25, 2018.

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 negative trend to resume. Downtrend 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
7.77485 7.79715 7.73435 7.73825 -0.03660
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 down The intermediate term trend has been DOWN since Feb 12th, 2018 at 7.93660

short term up The short term trend has been UP since Apr 25th, 2018 at 7.78615

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
7.77485 7.79715 7.73435 7.73825 -0.03660
Prev. Close Volume Bid Ask Time
7.77485 7.72940 7.74710 2018-04-25 23:26:25
Want to analyze Indonesian Rupiah/South Korean Won IDRKRW or another symbol? Try our Free Forex Trend Analysis Report.