Forex Trend Analysis Report
Prepared for you on Sunday, August 20, 2017.
Singapore Dollar/Indonesian Rupiah (FOREX:SGDIDR)
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 SGDIDR
The long term trend has been UP since May 18th, 2017 at 9620.75
The intermediate term trend has been UP since Jun 29th, 2017 at 9666.95
The short term trend has been DOWN since Aug 16th, 2017 at 9762.35
Smart Scan Analysis for SGDIDR
Based on a pre-defined weighted trend formula for chart analysis, SGDIDR scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).