Forex Trend Analysis Report
Prepared for you on Thursday, April 26, 2018.
New Taiwan Dollar/Indonesian Rupiah (FOREX:TWDIDR)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 Jan 11th, 2018 at 458.390
The intermediate term trend has been DOWN since Apr 13th, 2018 at 469.370
The short term trend has been DOWN since Apr 23rd, 2018 at 468.885
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).