Forex Trend Analysis Report
Prepared for you on Monday, July 22, 2019.
Hong Kong Dollar/Indonesian Rupiah (FOREX:HKDIDR)
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 HKDIDR
The long term trend has been DOWN since Jul 15th, 2019 at 1781.20
The intermediate term trend has been DOWN since Jun 24th, 2019 at 1800.95
The short term trend has been UP since Jul 17th, 2019 at 1792.40
Smart Scan Analysis for HKDIDR
Based on a pre-defined weighted trend formula for chart analysis, HKDIDR scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).