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Forex Trend Analysis Report

Prepared for you on Wednesday, January 29, 2020.

New Zealand Dollar/Indonesian Rupiah (FOREX:NZDIDR)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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.

FOREX_NZDIDR
Open High Low NZDIDR Price Change
8910.4220 8918.3070 8885.4570 8886.5625 -23.8595
Entry Signal

MarketClub’s Trade Triangles for NZDIDR

long term down The long term trend has been DOWN since Jan 27th, 2020 at 8829.500

intermediate term down The intermediate term trend has been DOWN since Jan 13th, 2020 at 9067.411

short term up The short term trend has been UP since Jan 24th, 2020 at 9057.131

Smart Scan Analysis for NZDIDR

Based on a pre-defined weighted trend formula for chart analysis, NZDIDR scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for NZDIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8910.4220 8918.3070 8885.4570 8886.5625 -23.8595
Prev. Close Volume Bid Ask Time
8910.4220 8750.2330 9022.8920 2020-01-29 07:31:08
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