Forex Trend Analysis Report
Prepared for you on Monday, October 14, 2019.
Indonesian Rupiah/Australian Dollar (FOREX:IDRAUD)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 IDRAUD
The long term trend has been UP since May 31st, 2019 at 0.010143
The intermediate term trend has been UP since Jul 25th, 2019 at 0.010254
The short term trend has been DOWN since Oct 10th, 2019 at 0.010454
Smart Scan Analysis for IDRAUD
Based on a pre-defined weighted trend formula for chart analysis, IDRAUD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).