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.
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 Oct 17th, 2019 at 0.011133
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).