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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.

FOREX_IDRKRW
Open High Low IDRKRW Price Change
8.363658 8.406152 8.326688 8.366455 +0.002797
Entry Signal

MarketClub’s Trade Triangles for IDRKRW

long term up The long term trend has been UP since Nov 30th, 2018 at 7.86070

intermediate term down The intermediate term trend has been DOWN since Sep 16th, 2019 at 8.40385

short term down 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).

-70
Smart Scan Analysis for IDRKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.363658 8.406152 8.326688 8.366455 +0.002797
Prev. Close Volume Bid Ask Time
8.363658 8.359410 8.373499 2019-10-16 20:04:52
Want to analyze Indonesian Rupiah/South Korean Won IDRKRW or another symbol? Try our Free Forex Trend Analysis Report.