Forex Trend Analysis Report
Prepared for you on Tuesday, March 20, 2018.
Indonesian Rupiah/Singapore Dollar (FOREX:IDRSGD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 IDRSGD
The long term trend has been DOWN since Jan 2nd, 2018 at 0.009845
The intermediate term trend has been DOWN since Jan 25th, 2018 at 0.009800
The short term trend has been UP since Mar 16th, 2018 at 0.009590
Smart Scan Analysis for IDRSGD
Based on a pre-defined weighted trend formula for chart analysis, IDRSGD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).