Forex Trend Analysis Report
Prepared for you on Friday, July 19, 2019.
Indonesian Rupiah/Japanese Yen (FOREX:IDRJPY)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 IDRJPY
The long term trend has been DOWN since Apr 26th, 2019 at 0.734675
The intermediate term trend has been UP since Jun 24th, 2019 at 0.764495
The short term trend has been UP since Jul 10th, 2019 at 0.772045
Smart Scan Analysis for IDRJPY
Based on a pre-defined weighted trend formula for chart analysis, IDRJPY scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).