Forex Trend Analysis Report
Prepared for you on Tuesday, May 23, 2017.
Singapore Dollar/Indonesian Rupiah (FOREX:SGDIDR)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 May 18th, 2017 at 9587.25
The short term trend has been UP since May 18th, 2017 at 9554.05
Smart Scan Analysis for SGDIDR
Based on a pre-defined weighted trend formula for chart analysis, SGDIDR scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).