Forex Trend Analysis Report
Prepared for you on Tuesday, October 23, 2018.
US Dollar/Indonesian Rupiah (FOREX:USDIDR)
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 USDIDR
The long term trend has been UP since Feb 7th, 2018 at 13646.0
The intermediate term trend has been UP since Jun 19th, 2018 at 14252.0
The short term trend has been DOWN since Oct 16th, 2018 at 15152.5
Smart Scan Analysis for USDIDR
Based on a pre-defined weighted trend formula for chart analysis, USDIDR scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).