Forex Trend Analysis Report
Prepared for you on Friday, March 22, 2019.
New Zealand Dollar/Indonesian Rupiah (FOREX:NZDIDR)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 NZDIDR
The long term trend has been DOWN since Jan 1st, 2019 at 9639.15
The intermediate term trend has been UP since Mar 10th, 2019 at 9718.95
The short term trend has been DOWN since Mar 20th, 2019 at 9724.00
Smart Scan Analysis for NZDIDR
Based on a pre-defined weighted trend formula for chart analysis, NZDIDR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).