Forex Trend Analysis Report
Prepared for you on Thursday, August 17, 2017.
Indonesian Rupiah/Singapore Dollar (FOREX:IDRSGD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 IDRSGD
The long term trend has been DOWN since May 18th, 2017 at 0.010395
The intermediate term trend has been DOWN since Jun 30th, 2017 at 0.010340
The short term trend has been UP since Aug 16th, 2017 at 0.010245
Smart Scan Analysis for IDRSGD
Based on a pre-defined weighted trend formula for chart analysis, IDRSGD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).