Forex Trend Analysis Report
Prepared for you on Friday, December 15, 2017.
Indonesian Rupiah/Singapore Dollar (FOREX:IDRSGD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 IDRSGD
The long term trend has been UP since Sep 25th, 2017 at 0.010555
The intermediate term trend has been DOWN since Oct 10th, 2017 at 0.010040
The short term trend has been DOWN since Dec 12th, 2017 at 0.009940
Smart Scan Analysis for IDRSGD
Based on a pre-defined weighted trend formula for chart analysis, IDRSGD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).