Forex Trend Analysis Report
Prepared for you on Tuesday, October 23, 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 positive trend to resume. Uptrend 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 UP since Oct 19th, 2018 at 10043.6
The intermediate term trend has been UP since Sep 19th, 2018 at 9838.9
The short term trend has been DOWN since Oct 23rd, 2018 at 9943.5
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).