Forex Trend Analysis Report
Prepared for you on Tuesday, March 19, 2019.
Thai Baht/Indonesian Rupiah (FOREX:THBIDR)
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 THBIDR
The long term trend has been DOWN since Dec 3rd, 2018 at 435.080
The intermediate term trend has been DOWN since Mar 4th, 2019 at 443.330
The short term trend has been UP since Mar 8th, 2019 at 449.535
Smart Scan Analysis for THBIDR
Based on a pre-defined weighted trend formula for chart analysis, THBIDR scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).