Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
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 DOWN since Jul 15th, 2019 at 13934.000
The intermediate term trend has been UP since Feb 3rd, 2020 at 13785.700
The short term trend has been DOWN since Feb 11th, 2020 at 13670.133
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).