Forex Trend Analysis Report
Prepared for you on Wednesday, September 19, 2018.
Indonesian Rupiah/South African Rand (FOREX:IDRZAR)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 IDRZAR
The long term trend has been UP since May 1st, 2018 at 0.089935
The intermediate term trend has been UP since Aug 9th, 2018 at 0.094359
The short term trend has been DOWN since Sep 12th, 2018 at 0.101470
Smart Scan Analysis for IDRZAR
Based on a pre-defined weighted trend formula for chart analysis, IDRZAR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).