Forex Trend Analysis Report
Prepared for you on Wednesday, September 18, 2019.
Indonesian Rupiah/Singapore Dollar (FOREX:IDRSGD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 IDRSGD
The long term trend has been UP since Jul 12th, 2019 at 0.009684
The intermediate term trend has been UP since Jul 5th, 2019 at 0.009640
The short term trend has been DOWN since Sep 17th, 2019 at 0.009764
Smart Scan Analysis for IDRSGD
Based on a pre-defined weighted trend formula for chart analysis, IDRSGD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).