Forex Trend Analysis Report
Prepared for you on Friday, June 22, 2018.
Indonesian Rupiah/South African Rand (FOREX:IDRZAR)
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 IDRZAR
The long term trend has been UP since May 1st, 2018 at 0.089935
The intermediate term trend has been UP since Apr 23rd, 2018 at 0.088490
The short term trend has been DOWN since Jun 21st, 2018 at 0.096220
Smart Scan Analysis for IDRZAR
Based on a pre-defined weighted trend formula for chart analysis, IDRZAR scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).