Forex Trend Analysis Report
Prepared for you on Sunday, September 24, 2017.
New Taiwan Dollar/Indonesian Rupiah (FOREX:TWDIDR)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 May 19th, 2017 at 444.055
The intermediate term trend has been DOWN since Sep 8th, 2017 at 439.780
The short term trend has been DOWN since Sep 22nd, 2017 at 439.200
Smart Scan Analysis for TWDIDR
Based on a pre-defined weighted trend formula for chart analysis, TWDIDR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).