Forex Trend Analysis Report
Prepared for you on Friday, January 17, 2020.
British Pound/Indonesian Rupiah (FOREX:GBPIDR)
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 GBPIDR
The long term trend has been UP since Oct 16th, 2019 at 18008.900
The intermediate term trend has been DOWN since Dec 22nd, 2019 at 18135.778
The short term trend has been UP since Jan 17th, 2020 at 17865.330
Smart Scan Analysis for GBPIDR
Based on a pre-defined weighted trend formula for chart analysis, GBPIDR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).