Forex Trend Analysis Report
Prepared for you on Sunday, July 21, 2019.
Thai Baht/Indonesian Rupiah (FOREX:THBIDR)
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 THBIDR
The long term trend has been UP since Apr 26th, 2019 at 453.945
The intermediate term trend has been DOWN since Jul 12th, 2019 at 454.375
The short term trend has been UP since Jul 19th, 2019 at 453.535
Smart Scan Analysis for THBIDR
Based on a pre-defined weighted trend formula for chart analysis, THBIDR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).