Forex Trend Analysis Report
Prepared for you on Friday, April 26, 2019.
Indonesian Rupiah/Japanese Yen (FOREX:IDRJPY)
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 IDRJPY
The long term trend has been UP since Nov 7th, 2018 at 0.775415
The intermediate term trend has been UP since Apr 5th, 2019 at 0.790190
The short term trend has been DOWN since Apr 23rd, 2019 at 0.794795
Smart Scan Analysis for IDRJPY
Based on a pre-defined weighted trend formula for chart analysis, IDRJPY scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).