Forex Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
US Dollar/Indonesian Rupiah (FOREX:USDIDR)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 USDIDR
The long term trend has been DOWN since Jul 15th, 2019 at 13934.00
The intermediate term trend has been DOWN since Sep 6th, 2019 at 13977.75
The short term trend has been UP since Sep 16th, 2019 at 14061.80
Smart Scan Analysis for USDIDR
Based on a pre-defined weighted trend formula for chart analysis, USDIDR scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).