Forex Trend Analysis Report
Prepared for you on Monday, December 9, 2019.
US Dollar/Indonesian Rupiah (FOREX:USDIDR)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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 DOWN since Jul 15th, 2019 at 13934.000
The intermediate term trend has been UP since Nov 28th, 2019 at 14203.511
The short term trend has been UP since Nov 28th, 2019 at 14138.732
Smart Scan Analysis for USDIDR
Based on a pre-defined weighted trend formula for chart analysis, USDIDR scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).