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.
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 Nov 9th, 2018 at 0.097371
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).