Forex Trend Analysis Report
Prepared for you on Sunday, August 18, 2019.
Indonesian Rupiah/Hong Kong Dollar (FOREX:IDRHKD)
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 IDRHKD
The long term trend has been UP since Jul 15th, 2019 at 0.000561
The intermediate term trend has been UP since Jun 23rd, 2019 at 0.000555
The short term trend has been DOWN since Aug 12th, 2019 at 0.000550
Smart Scan Analysis for IDRHKD
Based on a pre-defined weighted trend formula for chart analysis, IDRHKD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).