Forex Trend Analysis Report
Prepared for you on Tuesday, July 17, 2018.
New Taiwan Dollar/Indonesian Rupiah (FOREX:TWDIDR)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 DOWN since Jun 18th, 2018 at 461.305
The intermediate term trend has been UP since Jun 25th, 2018 at 467.440
The short term trend has been DOWN since Jul 11th, 2018 at 470.750
Smart Scan Analysis for TWDIDR
Based on a pre-defined weighted trend formula for chart analysis, TWDIDR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).