Forex Trend Analysis Report
Prepared for you on Monday, May 20, 2019.
British Pound/Indonesian Rupiah (FOREX:GBPIDR)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 GBPIDR
The long term trend has been UP since Mar 8th, 2019 at 18831.00
The intermediate term trend has been UP since Apr 26th, 2019 at 18742.35
The short term trend has been DOWN since May 15th, 2019 at 18539.65
Smart Scan Analysis for GBPIDR
Based on a pre-defined weighted trend formula for chart analysis, GBPIDR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).