Forex Trend Analysis Report
Prepared for you on Thursday, June 21, 2018.
Indonesian Rupiah/Thai Baht (FOREX:IDRTHB)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 UP since Jun 7th, 2018 at 0.23185
The intermediate term trend has been UP since May 29th, 2018 at 0.22922
The short term trend has been DOWN since Jun 21st, 2018 at 0.23396
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).