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Forex Trend Analysis Report

Prepared for you on Monday, May 20, 2019.

Indonesian Rupiah/Indian Rupee (FOREX:IDRINR)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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.

FOREX_IDRINR
Open High Low IDRINR Price Change
0.004792 0.004819 0.004790 0.004819 +0.000027
Entry Signal

MarketClub’s Trade Triangles for IDRINR

long term down The long term trend has been DOWN since May 19th, 2019 at 0.004809

intermediate term down The intermediate term trend has been DOWN since May 2nd, 2019 at 0.004860

short term down The short term trend has been DOWN since May 13th, 2019 at 0.004832

Smart Scan Analysis for IDRINR

Based on a pre-defined weighted trend formula for chart analysis, IDRINR scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for IDRINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.004792 0.004819 0.004790 0.004819 +0.000027
Prev. Close Volume Bid Ask Time
0.004792 0.004819 0.004820 2019-05-20 12:37:53
Want to analyze Indonesian Rupiah/Indian Rupee IDRINR or another symbol? Try our Free Forex Trend Analysis Report.