Forex Trend Analysis Report
Prepared for you on Tuesday, July 23, 2019.
Indonesian Rupiah/Indian Rupee (FOREX:IDRINR)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 IDRINR
The long term trend has been DOWN since May 19th, 2019 at 0.004809
The intermediate term trend has been UP since Jul 15th, 2019 at 0.004931
The short term trend has been UP since Jul 11th, 2019 at 0.004881
Smart Scan Analysis for IDRINR
Based on a pre-defined weighted trend formula for chart analysis, IDRINR scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).