Forex Trend Analysis Report
Prepared for you on Thursday, April 18, 2019.
British Pound/Indonesian Rupiah (FOREX:GBPIDR)
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 GBPIDR
The long term trend has been UP since Mar 8th, 2019 at 18831.0
The intermediate term trend has been DOWN since Apr 8th, 2019 at 18361.7
The short term trend has been DOWN since Apr 12th, 2019 at 18435.2
Smart Scan Analysis for GBPIDR
Based on a pre-defined weighted trend formula for chart analysis, GBPIDR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).