Forex Trend Analysis Report
Prepared for you on Tuesday, July 16, 2019.
Australian Dollar/Indonesian Rupiah (FOREX:AUDIDR)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 AUDIDR
The long term trend has been DOWN since Jun 13th, 2019 at 9856.80
The intermediate term trend has been UP since Jun 23rd, 2019 at 10705.00
The short term trend has been DOWN since Jul 16th, 2019 at 9780.45
Smart Scan Analysis for AUDIDR
Based on a pre-defined weighted trend formula for chart analysis, AUDIDR scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).