Forex Trend Analysis Report
Prepared for you on Thursday, January 23, 2020.
Indonesian Rupiah/Chinese Yuan Renminbi (FOREX:IDRCNY)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 IDRCNY
The long term trend has been UP since Jun 2nd, 2019 at 0.04850200
The intermediate term trend has been UP since Jan 13th, 2020 at 0.05048925
The short term trend has been UP since Jan 20th, 2020 at 0.05049895
Smart Scan Analysis for IDRCNY
Based on a pre-defined weighted trend formula for chart analysis, IDRCNY scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).