Forex Trend Analysis Report
Prepared for you on Tuesday, January 15, 2019.
Japanese Yen/Indonesian Rupiah (FOREX:JPYIDR)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 JPYIDR
The long term trend has been DOWN since Nov 7th, 2018 at 128.960
The intermediate term trend has been UP since Dec 20th, 2018 at 129.755
The short term trend has been DOWN since Jan 15th, 2019 at 129.625
Smart Scan Analysis for JPYIDR
Based on a pre-defined weighted trend formula for chart analysis, JPYIDR scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).