Forex Trend Analysis Report
Prepared for you on Thursday, January 17, 2019.
US Dollar/Indonesian Rupiah (FOREX:USDIDR)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 USDIDR
The long term trend has been DOWN since Nov 28th, 2018 at 14382.25
The intermediate term trend has been DOWN since Jan 1st, 2019 at 14336.45
The short term trend has been UP since Jan 14th, 2019 at 14133.95
Smart Scan Analysis for USDIDR
Based on a pre-defined weighted trend formula for chart analysis, USDIDR scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).