Forex Trend Analysis Report
Prepared for you on Monday, September 16, 2019.
Indonesian Rupiah/Thai Baht (FOREX:IDRTHB)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 IDRTHB
The long term trend has been DOWN since Apr 26th, 2019 at 0.220300
The intermediate term trend has been UP since Sep 6th, 2019 at 0.217645
The short term trend has been UP since Sep 13th, 2019 at 0.218980
Smart Scan Analysis for IDRTHB
Based on a pre-defined weighted trend formula for chart analysis, IDRTHB scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).