Forex Trend Analysis Report
Prepared for you on Friday, January 17, 2020.
Indonesian Rupiah/Hong Kong Dollar (FOREX:IDRHKD)
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 IDRHKD
The long term trend has been UP since Jul 15th, 2019 at 0.00056100
The intermediate term trend has been UP since Dec 5th, 2019 at 0.00055928
The short term trend has been DOWN since Jan 17th, 2020 at 0.00056761
Smart Scan Analysis for IDRHKD
Based on a pre-defined weighted trend formula for chart analysis, IDRHKD scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).