Forex Trend Analysis Report
Prepared for you on Wednesday, November 14, 2018.
Indonesian Rupiah/New Zealand Dollar (FOREX:IDRNZD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight 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 DOWN since Oct 19th, 2018 at 0.009958
The intermediate term trend has been UP since Nov 8th, 2018 at 0.010170
The short term trend has been DOWN since Nov 12th, 2018 at 0.010042
Smart Scan Analysis for IDRNZD
Based on a pre-defined weighted trend formula for chart analysis, IDRNZD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).