Forex Trend Analysis Report
Prepared for you on Sunday, September 23, 2018.
Indonesian Rupiah/US Dollar (FOREX:IDRUSD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 DOWN since Jun 15th, 2018 at 0.007025
The short term trend has been UP since Sep 20th, 2018 at 0.006749
Smart Scan Analysis for IDRUSD
Based on a pre-defined weighted trend formula for chart analysis, IDRUSD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).