Forex Trend Analysis Report
Prepared for you on Monday, January 22, 2018.
Indonesian Rupiah/New Taiwan Dollar (FOREX:IDRTWD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 Jan 11th, 2018 at 0.218155
The intermediate term trend has been UP since Jan 12th, 2018 at 0.221475
The short term trend has been DOWN since Jan 17th, 2018 at 0.221600
Smart Scan Analysis for IDRTWD
Based on a pre-defined weighted trend formula for chart analysis, IDRTWD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).