Forex Trend Analysis Report
Prepared for you on Sunday, May 19, 2019.
Singapore Dollar/Indonesian Rupiah (FOREX:SGDIDR)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 SGDIDR
The long term trend has been UP since Apr 26th, 2019 at 10661.05
The intermediate term trend has been UP since Apr 26th, 2019 at 10526.05
The short term trend has been DOWN since May 17th, 2019 at 10521.30
Smart Scan Analysis for SGDIDR
Based on a pre-defined weighted trend formula for chart analysis, SGDIDR scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).