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Forex Trend Analysis Report

Prepared for you on Thursday, October 17, 2019.

Indonesian Rupiah/New Zealand Dollar (FOREX:IDRNZD)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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.

FOREX_IDRNZD
Open High Low IDRNZD Price Change
0.01125904 0.01127613 0.01112776 0.01113852 -0.00012100
Entry Signal

MarketClub’s Trade Triangles for IDRNZD

long term up The long term trend has been UP since Jun 14th, 2019 at 0.010767

intermediate term down The intermediate term trend has been DOWN since Oct 17th, 2019 at 0.011133

short term down The short term trend has been DOWN since Oct 17th, 2019 at 0.011171

Smart Scan Analysis for IDRNZD

Based on a pre-defined weighted trend formula for chart analysis, IDRNZD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for IDRNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01125904 0.01127613 0.01112776 0.01113852 -0.00012100
Prev. Close Volume Bid Ask Time
0.01125904 0.01113413 0.01114291 2019-10-17 18:38:29
Want to analyze Indonesian Rupiah/New Zealand Dollar IDRNZD or another symbol? Try our Free Forex Trend Analysis Report.