Forex Trend Analysis Report
Prepared for you on Tuesday, March 26, 2019.
Japanese Yen/Indonesian Rupiah (FOREX:JPYIDR)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management 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 JPYIDR
The long term trend has been DOWN since Nov 7th, 2018 at 128.96
The intermediate term trend has been UP since Mar 8th, 2019 at 128.27
The short term trend has been UP since Mar 21st, 2019 at 128.24
Smart Scan Analysis for JPYIDR
Based on a pre-defined weighted trend formula for chart analysis, JPYIDR scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).