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Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

New Taiwan Dollar/Indian Rupee (FOREX:TWDINR)

Weak Downtrend (-65) - TWDINR is showing signs of a strengthening downtrend. Monitor TWDINR as it may be building momentum to the downside.

Is it time to buy, sell, or avoid TWDINR?

MarketClub looks at technical strength and momentum to determine if the timing is right for TWDINR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_TWDINR
Open High Low TWDINR Price Change
2.5743854 2.5762021 2.5730373 2.5746855 +0.0003000
Entry Signal

MarketClub’s Trade Triangles for TWDINR

long term down The long-term trend has been DOWN since Mar 11th, 2024 at 2.6137901

intermediate term down The intermediate-term trend has been DOWN since Mar 11th, 2024 at 2.6137901

short term down The short-term trend has been DOWN since May 7th, 2024 at 2.5754023

Smart Scan Analysis for TWDINR

Based on our trend formula, TWDINR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for TWDINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.5743854 2.5762021 2.5730373 2.5746855 +0.0003000
Prev. Close Volume Bid Ask Time
2.5743854 2024-05-09 08:24:16
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