Forex Trend Analysis Report
Prepared for you on Friday, May 26, 2017.
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 positive trend to resume. Uptrend 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.
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 UP since May 19th, 2017 at 444.055
The short term trend has been DOWN since May 23rd, 2017 at 440.575
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).