Forex Trend Analysis Report
Prepared for you on Sunday, September 24, 2017.
Indonesian Rupiah/New Taiwan Dollar (FOREX:IDRTWD)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 UP since Sep 8th, 2017 at 0.227385
The short term trend has been UP since Sep 22nd, 2017 at 0.227685
Smart Scan Analysis for IDRTWD
Based on a pre-defined weighted trend formula for chart analysis, IDRTWD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).