Forex Trend Analysis Report
Prepared for you on Thursday, July 18, 2019.
US Dollar/Indonesian Rupiah (FOREX:USDIDR)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 UP since Jun 23rd, 2019 at 15442.90
The short term trend has been UP since Jul 17th, 2019 at 14021.05
Smart Scan Analysis for USDIDR
Based on a pre-defined weighted trend formula for chart analysis, USDIDR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).