Forex Trend Analysis Report
Prepared for you on Sunday, November 19, 2017.
South Korean Won/Indonesian Rupiah (FOREX:KRWIDR)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 DOWN since Oct 20th, 2017 at 11.4775
The intermediate term trend has been UP since Oct 23rd, 2017 at 12.0220
The short term trend has been UP since Nov 14th, 2017 at 12.1110
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).