Forex Trend Analysis Report
Prepared for you on Saturday, January 18, 2020.
Indonesian Rupiah/South African Rand (FOREX:IDRZAR)
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 IDRZAR
The long term trend has been DOWN since Dec 2nd, 2019 at 0.10326500
The intermediate term trend has been UP since Jan 7th, 2020 at 0.10409769
The short term trend has been UP since Jan 10th, 2020 at 0.10425668
Smart Scan Analysis for IDRZAR
Based on a pre-defined weighted trend formula for chart analysis, IDRZAR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).