Forex Trend Analysis Report
Prepared for you on Tuesday, November 20, 2018.
South Korean Won/Indonesian Rupiah (FOREX:KRWIDR)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 KRWIDR
The long term trend has been UP since Aug 8th, 2018 at 13.2175
The intermediate term trend has been DOWN since Nov 6th, 2018 at 13.2400
The short term trend has been DOWN since Nov 15th, 2018 at 12.9925
Smart Scan Analysis for KRWIDR
Based on a pre-defined weighted trend formula for chart analysis, KRWIDR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).