Forex Trend Analysis Report
Prepared for you on Thursday, March 21, 2019.
Indonesian Rupiah/Hong Kong Dollar (FOREX:IDRHKD)
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 IDRHKD
The long term trend has been UP since Nov 28th, 2018 at 0.000545
The intermediate term trend has been DOWN since Mar 7th, 2019 at 0.000553
The short term trend has been UP since Mar 18th, 2019 at 0.000552
Smart Scan Analysis for IDRHKD
Based on a pre-defined weighted trend formula for chart analysis, IDRHKD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).