Forex Trend Analysis Report
Prepared for you on Friday, March 22, 2019.
South Korean Won/Indonesian Rupiah (FOREX:KRWIDR)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 KRWIDR
The long term trend has been DOWN since Jan 3rd, 2019 at 12.7480
The intermediate term trend has been UP since Mar 11th, 2019 at 12.6205
The short term trend has been DOWN since Mar 20th, 2019 at 12.5430
Smart Scan Analysis for KRWIDR
Based on a pre-defined weighted trend formula for chart analysis, KRWIDR scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).