Forex Trend Analysis Report
Prepared for you on Thursday, September 20, 2018.
Japanese Yen/Indonesian Rupiah (FOREX:JPYIDR)
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 JPYIDR
The long term trend has been UP since Aug 8th, 2018 at 131.290
The intermediate term trend has been UP since Jul 23rd, 2018 at 130.330
The short term trend has been DOWN since Sep 17th, 2018 at 131.525
Smart Scan Analysis for JPYIDR
Based on a pre-defined weighted trend formula for chart analysis, JPYIDR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).