Forex Trend Analysis Report
Prepared for you on Saturday, August 18, 2018.
New Zealand Dollar/Indonesian Rupiah (FOREX:NZDIDR)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 NZDIDR
The long term trend has been DOWN since Aug 10th, 2018 at 9517.2
The intermediate term trend has been DOWN since Aug 8th, 2018 at 9672.8
The short term trend has been UP since Aug 14th, 2018 at 9628.3
Smart Scan Analysis for NZDIDR
Based on a pre-defined weighted trend formula for chart analysis, NZDIDR scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).