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.
MarketClub’s Trade Triangles for TWDIDR
The long term trend has been DOWN since Nov 26th, 2018 at 468.675
The intermediate term trend has been DOWN since Jan 2nd, 2019 at 467.550
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).