Forex Trend Analysis Report
Prepared for you on Thursday, January 17, 2019.
Thai Baht/Indonesian Rupiah (FOREX:THBIDR)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 THBIDR
The long term trend has been DOWN since Dec 3rd, 2018 at 435.080
The intermediate term trend has been DOWN since Jan 8th, 2019 at 439.010
The short term trend has been UP since Jan 13th, 2019 at 442.195
Smart Scan Analysis for THBIDR
Based on a pre-defined weighted trend formula for chart analysis, THBIDR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).