Forex Trend Analysis Report
Prepared for you on Saturday, October 20, 2018.
Singapore Dollar/Indonesian Rupiah (FOREX:SGDIDR)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 UP since Aug 8th, 2018 at 10691.30
The intermediate term trend has been UP since Sep 2nd, 2018 at 10803.90
The short term trend has been DOWN since Oct 19th, 2018 at 10982.95
Smart Scan Analysis for SGDIDR
Based on a pre-defined weighted trend formula for chart analysis, SGDIDR scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).