Forex Trend Analysis Report
Prepared for you on Friday, February 22, 2019.
South Korean Won/Indonesian Rupiah (FOREX:KRWIDR)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 KRWIDR
The long term trend has been DOWN since Jan 3rd, 2019 at 12.7480
The intermediate term trend has been DOWN since Jan 3rd, 2019 at 12.7550
The short term trend has been DOWN since Feb 20th, 2019 at 12.4745
Smart Scan Analysis for KRWIDR
Based on a pre-defined weighted trend formula for chart analysis, KRWIDR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).