Forex Trend Analysis Report
Prepared for you on Tuesday, July 25, 2017.
Indonesian Rupiah/New Taiwan Dollar (FOREX:IDRTWD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 May 19th, 2017 at 0.225195
The intermediate term trend has been UP since Jun 12th, 2017 at 0.227740
The short term trend has been DOWN since Jul 21st, 2017 at 0.227750
Smart Scan Analysis for IDRTWD
Based on a pre-defined weighted trend formula for chart analysis, IDRTWD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).