Forex Trend Analysis Report
Prepared for you on Wednesday, July 17, 2019.
Indonesian Rupiah/New Zealand Dollar (FOREX:IDRNZD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 IDRNZD
The long term trend has been UP since Jun 14th, 2019 at 0.010767
The intermediate term trend has been DOWN since Jun 21st, 2019 at 0.010480
The short term trend has been UP since Jul 16th, 2019 at 0.010705
Smart Scan Analysis for IDRNZD
Based on a pre-defined weighted trend formula for chart analysis, IDRNZD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).