Forex Trend Analysis Report
Prepared for you on Thursday, March 22, 2018.
Indonesian Rupiah/Thai Baht (FOREX:IDRTHB)
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 IDRTHB
The long term trend has been DOWN since Jan 3rd, 2018 at 0.238200
The intermediate term trend has been DOWN since Jan 3rd, 2018 at 0.238200
The short term trend has been UP since Mar 21st, 2018 at 0.227975
Smart Scan Analysis for IDRTHB
Based on a pre-defined weighted trend formula for chart analysis, IDRTHB scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).