Forex Trend Analysis Report
Prepared for you on Saturday, May 25, 2019.
US Dollar/Indonesian Rupiah (FOREX:USDIDR)
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 USDIDR
The long term trend has been UP since Apr 25th, 2019 at 14544.65
The intermediate term trend has been UP since Apr 24th, 2019 at 14265.00
The short term trend has been DOWN since May 23rd, 2019 at 14430.20
Smart Scan Analysis for USDIDR
Based on a pre-defined weighted trend formula for chart analysis, USDIDR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).