Forex Trend Analysis Report
Prepared for you on Saturday, February 16, 2019.
Singapore Dollar/Indonesian Rupiah (FOREX:SGDIDR)
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 SGDIDR
The long term trend has been DOWN since Nov 28th, 2018 at 10498.45
The intermediate term trend has been DOWN since Jan 1st, 2019 at 10484.50
The short term trend has been UP since Feb 11th, 2019 at 10327.55
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).