Forex Trend Analysis Report
Prepared for you on Monday, October 14, 2019.
Hong Kong Dollar/Indonesian Rupiah (FOREX:HKDIDR)
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 HKDIDR
The long term trend has been DOWN since Jul 15th, 2019 at 1781.20
The intermediate term trend has been UP since Oct 1st, 2019 at 1816.55
The short term trend has been DOWN since Oct 10th, 2019 at 1799.45
Smart Scan Analysis for HKDIDR
Based on a pre-defined weighted trend formula for chart analysis, HKDIDR scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).