Forex Trend Analysis Report
Prepared for you on Friday, May 26, 2017.
Indonesian Rupiah/New Taiwan Dollar (FOREX:IDRTWD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management 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 IDRTWD
The long term trend has been DOWN since May 19th, 2017 at 0.225195
The intermediate term trend has been DOWN since May 19th, 2017 at 0.225195
The short term trend has been UP since May 23rd, 2017 at 0.226975
Smart Scan Analysis for IDRTWD
Based on a pre-defined weighted trend formula for chart analysis, IDRTWD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).