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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.

Open High Low IDRNZD Price Change
0.010681 0.010688 0.010613 0.010629 -0.000052
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 Jun 21st, 2019 at 0.010480

short term up 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).

Smart Scan Analysis for IDRNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.010681 0.010688 0.010613 0.010629 -0.000052
Prev. Close Volume Bid Ask Time
0.010681 0.010627 0.010631 2019-07-17 20:28:25
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