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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

New Taiwan Dollar/Indonesian Rupiah (FOREX:TWDIDR)

Sidelines Mode (+55) - TWDIDR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid TWDIDR?

MarketClub looks at technical strength and momentum to determine if the timing is right for TWDIDR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_TWDIDR
Open High Low TWDIDR Price Change
495.11534 495.27182 493.89787 494.89769 -0.21765
Entry Signal

MarketClub’s Trade Triangles for TWDIDR

long term up The long-term trend has been UP since Aug 1st, 2023 at 491.46567

intermediate term down The intermediate-term trend has been DOWN since Feb 11th, 2024 at 497.13704

short term up The short-term trend has been UP since Mar 18th, 2024 at 495.80850

Smart Scan Analysis for TWDIDR

Based on our trend formula, TWDIDR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for TWDIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
495.11534 495.27182 493.89787 494.89769 -0.21765
Prev. Close Volume Bid Ask Time
495.11534 2024-03-19 06:15:07
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