Forex Trend Analysis Report
Prepared for you on Wednesday, July 17, 2019.
British Pound/Indonesian Rupiah (FOREX:GBPIDR)
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.
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 DOWN since Jul 1st, 2019 at 17839.10
The short term trend has been UP since Jul 1st, 2019 at 18004.50
Smart Scan Analysis for GBPIDR
Based on a pre-defined weighted trend formula for chart analysis, GBPIDR scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).