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Forex Trend Analysis Report

Prepared for you on Monday, October 15, 2018.

Indonesian Rupiah/South Korean Won (FOREX:IDRKRW)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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
7.42750 7.46525 7.40910 7.46075 +0.03325
Entry Signal

MarketClub’s Trade Triangles for IDRKRW

long term down The long term trend has been DOWN since Aug 8th, 2018 at 7.56575

intermediate term down The intermediate term trend has been DOWN since Jul 9th, 2018 at 7.74035

short term down The short term trend has been DOWN since Oct 12th, 2018 at 7.43355

Smart Scan Analysis for IDRKRW

Based on a pre-defined weighted trend formula for chart analysis, IDRKRW scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for IDRKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.42750 7.46525 7.40910 7.46075 +0.03325
Prev. Close Volume Bid Ask Time
7.42750 7.45220 7.46930 2018-10-15 14:54:56
Want to analyze Indonesian Rupiah/South Korean Won IDRKRW or another symbol? Try our Free Forex Trend Analysis Report.