Forex Trend Analysis Report
Prepared for you on Tuesday, July 25, 2017.
New Taiwan Dollar/Indonesian Rupiah (FOREX:TWDIDR)
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 TWDIDR
The long term trend has been UP since May 19th, 2017 at 444.055
The intermediate term trend has been DOWN since Jun 12th, 2017 at 439.105
The short term trend has been DOWN since Jul 21st, 2017 at 438.075
Smart Scan Analysis for TWDIDR
Based on a pre-defined weighted trend formula for chart analysis, TWDIDR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).