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Forex Trend Analysis Report

Prepared for you on Tuesday, January 15, 2019.

New Taiwan Dollar/Indonesian Rupiah (FOREX:TWDIDR)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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.

FOREX_TWDIDR
Open High Low TWDIDR Price Change
457.425 459.910 456.330 456.330 -1.095
Entry Signal

MarketClub’s Trade Triangles for TWDIDR

long term down The long term trend has been DOWN since Nov 26th, 2018 at 468.675

intermediate term down The intermediate term trend has been DOWN since Jan 2nd, 2019 at 467.550

short term up The short term trend has been UP since Jan 15th, 2019 at 457.660

Smart Scan Analysis for TWDIDR

Based on a pre-defined weighted trend formula for chart analysis, TWDIDR scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for TWDIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
457.425 459.910 456.330 456.330 -1.095
Prev. Close Volume Bid Ask Time
457.425 456.190 456.470 2019-01-15 19:03:11
Want to analyze New Taiwan Dollar/Indonesian Rupiah TWDIDR or another symbol? Try our Free Forex Trend Analysis Report.