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Forex Trend Analysis Report

Prepared for you on Thursday, December 13, 2018.

Indonesian Rupiah/South African Rand (FOREX:IDRZAR)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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.

Open High Low IDRZAR Price Change
0.096901 0.097063 0.096901 0.096966 +0.000065
Entry Signal

MarketClub’s Trade Triangles for IDRZAR

long term up The long term trend has been UP since May 1st, 2018 at 0.089935

intermediate term up The intermediate term trend has been UP since Nov 9th, 2018 at 0.097371

short term down The short term trend has been DOWN since Dec 12th, 2018 at 0.097146

Smart Scan Analysis for IDRZAR

Based on a pre-defined weighted trend formula for chart analysis, IDRZAR scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for IDRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.096901 0.097063 0.096901 0.096966 +0.000065
Prev. Close Volume Bid Ask Time
0.096901 0.096936 0.096997 2018-12-13 01:16:13
Want to analyze Indonesian Rupiah/South African Rand IDRZAR or another symbol? Try our Free Forex Trend Analysis Report.