Forex Trend Analysis Report
Prepared for you on Monday, January 22, 2018.
New Taiwan Dollar/Indonesian Rupiah (FOREX:TWDIDR)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 TWDIDR
The long term trend has been UP since Jan 11th, 2018 at 458.390
The intermediate term trend has been DOWN since Jan 12th, 2018 at 451.520
The short term trend has been UP since Jan 17th, 2018 at 451.255
Smart Scan Analysis for TWDIDR
Based on a pre-defined weighted trend formula for chart analysis, TWDIDR scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).