Forex Trend Analysis Report
Prepared for you on Saturday, February 16, 2019.
Indonesian Rupiah/Chinese Renminbi Yuan (FOREX:IDRCNY)
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 IDRCNY
The long term trend has been UP since Nov 8th, 2018 at 0.047698
The intermediate term trend has been UP since Feb 6th, 2019 at 0.048432
The short term trend has been DOWN since Feb 13th, 2019 at 0.048035
Smart Scan Analysis for IDRCNY
Based on a pre-defined weighted trend formula for chart analysis, IDRCNY scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).