Forex Trend Analysis Report
Prepared for you on Wednesday, September 18, 2019.
British Pound/Indonesian Rupiah (FOREX:GBPIDR)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 DOWN since May 31st, 2019 at 17947.15
The intermediate term trend has been UP since Aug 27th, 2019 at 17562.20
The short term trend has been UP since Sep 13th, 2019 at 17428.65
Smart Scan Analysis for GBPIDR
Based on a pre-defined weighted trend formula for chart analysis, GBPIDR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).