Forex Trend Analysis Report
Prepared for you on Monday, August 19, 2019.
Hong Kong Dollar/Indonesian Rupiah (FOREX:HKDIDR)
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 HKDIDR
The long term trend has been DOWN since Jul 15th, 2019 at 1781.2
The intermediate term trend has been UP since Jul 29th, 2019 at 1823.8
The short term trend has been DOWN since Aug 18th, 2019 at 1810.6
Smart Scan Analysis for HKDIDR
Based on a pre-defined weighted trend formula for chart analysis, HKDIDR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).