Forex Trend Analysis Report
Prepared for you on Sunday, July 15, 2018.
South Korean Won/Indonesian Rupiah (FOREX:KRWIDR)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 DOWN since Jun 19th, 2018 at 12.5515
The intermediate term trend has been UP since Jul 9th, 2018 at 12.9195
The short term trend has been DOWN since Jul 10th, 2018 at 12.8085
Smart Scan Analysis for KRWIDR
Based on a pre-defined weighted trend formula for chart analysis, KRWIDR scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).