Forex Trend Analysis Report
Prepared for you on Tuesday, October 23, 2018.
Indonesian Rupiah/Thai Baht (FOREX:IDRTHB)
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 IDRTHB
The long term trend has been DOWN since Aug 8th, 2018 at 0.224635
The intermediate term trend has been DOWN since Jul 24th, 2018 at 0.229815
The short term trend has been UP since Oct 22nd, 2018 at 0.215925
Smart Scan Analysis for IDRTHB
Based on a pre-defined weighted trend formula for chart analysis, IDRTHB scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).