Forex Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
Thai Baht/Indonesian Rupiah (FOREX:THBIDR)
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 THBIDR
The long term trend has been UP since Aug 8th, 2018 at 445.175
The intermediate term trend has been UP since Jul 24th, 2018 at 435.220
The short term trend has been DOWN since Oct 19th, 2018 at 464.980
Smart Scan Analysis for THBIDR
Based on a pre-defined weighted trend formula for chart analysis, THBIDR scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).