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Forex Trend Analysis Report

Prepared for you on Thursday, December 13, 2018.

Indonesian Rupiah/Thai Baht (FOREX:IDRTHB)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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.

FOREX_IDRTHB
Open High Low IDRTHB Price Change
0.224770 0.225740 0.224530 0.225575 +0.000805
Entry Signal

MarketClub’s Trade Triangles for IDRTHB

long term up The long term trend has been UP since Dec 3rd, 2018 at 0.229845

intermediate term down The intermediate term trend has been DOWN since Dec 11th, 2018 at 0.224220

short term down The short term trend has been DOWN since Dec 4th, 2018 at 0.228435

Smart Scan Analysis for IDRTHB

Based on a pre-defined weighted trend formula for chart analysis, IDRTHB scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for IDRTHB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.224770 0.225740 0.224530 0.225575 +0.000805
Prev. Close Volume Bid Ask Time
0.224770 0.225420 0.225730 2018-12-13 10:08:32
Want to analyze Indonesian Rupiah/Thai Baht IDRTHB or another symbol? Try our Free Forex Trend Analysis Report.