Forex Trend Analysis Report
Prepared for you on Tuesday, December 11, 2018.
Indonesian Rupiah/New Taiwan Dollar (FOREX:IDRTWD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 UP since Nov 26th, 2018 at 0.213365
The intermediate term trend has been UP since Nov 5th, 2018 at 0.204825
The short term trend has been DOWN since Dec 5th, 2018 at 0.214680
Smart Scan Analysis for IDRTWD
Based on a pre-defined weighted trend formula for chart analysis, IDRTWD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).