Forex Trend Analysis Report
Prepared for you on Saturday, January 25, 2020.
Hong Kong Dollar/Indonesian Rupiah (FOREX:HKDIDR)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 HKDIDR
The long term trend has been DOWN since Jul 15th, 2019 at 1781.2000
The intermediate term trend has been DOWN since Dec 5th, 2019 at 1788.0496
The short term trend has been DOWN since Jan 24th, 2020 at 1750.3675
Smart Scan Analysis for HKDIDR
Based on a pre-defined weighted trend formula for chart analysis, HKDIDR scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).