Forex Trend Analysis Report
Prepared for you on Tuesday, January 23, 2018.
South Korean Won/Indonesian Rupiah (FOREX:KRWIDR)
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 KRWIDR
The long term trend has been UP since Jan 1st, 2018 at 12.7210
The intermediate term trend has been DOWN since Jan 12th, 2018 at 12.4410
The short term trend has been DOWN since Jan 23rd, 2018 at 12.4555
Smart Scan Analysis for KRWIDR
Based on a pre-defined weighted trend formula for chart analysis, KRWIDR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).