Forex Trend Analysis Report
Prepared for you on Saturday, October 21, 2017.
Singapore Dollar/Indonesian Rupiah (FOREX:SGDIDR)
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 SGDIDR
The long term trend has been DOWN since Oct 20th, 2017 at 9606.25
The intermediate term trend has been DOWN since Oct 20th, 2017 at 9843.65
The short term trend has been DOWN since Oct 17th, 2017 at 9955.65
Smart Scan Analysis for SGDIDR
Based on a pre-defined weighted trend formula for chart analysis, SGDIDR scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).