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Forex Trend Analysis Report

Prepared for you on Wednesday, October 17, 2018.

Indonesian Rupiah/New Taiwan Dollar (FOREX:IDRTWD)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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.

FOREX_IDRTWD
Open High Low IDRTWD Price Change
0.20257 0.20257 0.20257 0.20257 0.00000
Entry Signal

MarketClub’s Trade Triangles for IDRTWD

long term down The long term trend has been DOWN since Aug 8th, 2018 at 0.210285

intermediate term down The intermediate term trend has been DOWN since Jun 25th, 2018 at 0.213930

short term down The short term trend has been DOWN since Oct 12th, 2018 at 0.202915

Smart Scan Analysis for IDRTWD

Based on a pre-defined weighted trend formula for chart analysis, IDRTWD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for IDRTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.20257 0.20257 0.20257 0.20257 0.00000
Prev. Close Volume Bid Ask Time
0.20257 0.19689 0.20825 2018-10-17 00:49:58
Want to analyze Indonesian Rupiah/New Taiwan Dollar IDRTWD or another symbol? Try our Free Forex Trend Analysis Report.