Forex Trend Analysis Report
Prepared for you on Tuesday, January 15, 2019.
Indonesian Rupiah/New Zealand Dollar (FOREX:IDRNZD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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.
MarketClub’s Trade Triangles for IDRNZD
The long term trend has been UP since Jan 1st, 2019 at 0.010373
The intermediate term trend has been UP since Dec 19th, 2018 at 0.010226
The short term trend has been DOWN since Jan 11th, 2019 at 0.010424
Smart Scan Analysis for IDRNZD
Based on a pre-defined weighted trend formula for chart analysis, IDRNZD scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).