Forex Trend Analysis Report
Prepared for you on Tuesday, November 20, 2018.
Indonesian Rupiah/US Dollar (FOREX:IDRUSD)
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 IDRUSD
The long term trend has been DOWN since Feb 7th, 2018 at 0.007340
The intermediate term trend has been UP since Nov 1st, 2018 at 0.006621
The short term trend has been UP since Nov 15th, 2018 at 0.006794
Smart Scan Analysis for IDRUSD
Based on a pre-defined weighted trend formula for chart analysis, IDRUSD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).