Forex Trend Analysis Report
Prepared for you on Friday, February 22, 2019.
Indonesian Rupiah/Euro (FOREX:IDREUR)
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 IDREUR
The long term trend has been UP since Nov 26th, 2018 at 0.006062
The intermediate term trend has been UP since Jan 2nd, 2019 at 0.006077
The short term trend has been DOWN since Feb 11th, 2019 at 0.006305
Smart Scan Analysis for IDREUR
Based on a pre-defined weighted trend formula for chart analysis, IDREUR scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).