Forex Trend Analysis Report
Prepared for you on Sunday, November 18, 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 Aug 8th, 2018 at 475.550
The intermediate term trend has been DOWN since Nov 5th, 2018 at 488.220
The short term trend has been DOWN since Nov 15th, 2018 at 477.385
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).