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Forex Trend Analysis Report

Prepared for you on Wednesday, January 22, 2020.

Indonesian Rupiah/South Korean Won (FOREX:IDRKRW)

Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend 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.

FOREX_IDRKRW
Open High Low IDRKRW Price Change
8.522364 8.537956 8.511436 8.525772 +0.003408
Entry Signal

MarketClub’s Trade Triangles for IDRKRW

long term up The long term trend has been UP since Jan 20th, 2020 at 8.530238

intermediate term up The intermediate term trend has been UP since Jan 7th, 2020 at 8.412614

short term up The short term trend has been UP since Jan 13th, 2020 at 8.446128

Smart Scan Analysis for IDRKRW

Based on a pre-defined weighted trend formula for chart analysis, IDRKRW scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+90
Smart Scan Analysis for IDRKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.522364 8.537956 8.511436 8.525772 +0.003408
Prev. Close Volume Bid Ask Time
8.522364 8.518445 8.533099 2020-01-22 09:03:23
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