Forex Trend Analysis Report
Prepared for you on Wednesday, October 16, 2019.
Indonesian Rupiah/South Korean Won (FOREX:IDRKRW)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 IDRKRW
The long term trend has been UP since Nov 30th, 2018 at 7.86070
The intermediate term trend has been DOWN since Sep 16th, 2019 at 8.40385
The short term trend has been DOWN since Oct 16th, 2019 at 8.35463
Smart Scan Analysis for IDRKRW
Based on a pre-defined weighted trend formula for chart analysis, IDRKRW scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).