Forex Trend Analysis Report
Prepared for you on Wednesday, January 17, 2018.
Indonesian Rupiah/Thai Baht (FOREX:IDRTHB)
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 IDRTHB
The long term trend has been DOWN since Jan 3rd, 2018 at 0.2382
The intermediate term trend has been DOWN since Jan 3rd, 2018 at 0.2382
The short term trend has been UP since Jan 12th, 2018 at 0.2412
Smart Scan Analysis for IDRTHB
Based on a pre-defined weighted trend formula for chart analysis, IDRTHB scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).