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Forex Trend Analysis Report

Prepared for you on Tuesday, March 9, 2021.

Indonesian Rupiah/New Taiwan Dollar (FOREX:IDRTWD)

Long-Term Downtrend (-90) - IDRTWD is in a strong downtrend that is likely to continue. While IDRTWD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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

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

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

FOREX_IDRTWD
Open High Low IDRTWD Price Change
0.00196024 0.00196024 0.00196024 0.00196024 0.00000000
Entry Signal

MarketClub’s Trade Triangles for IDRTWD

long term down The long-term trend has been DOWN since Sep 9th, 2020 at 0.19747713

intermediate term down The intermediate-term trend has been DOWN since Feb 16th, 2021 at 0.00199571

short term down The short-term trend has been DOWN since Feb 14th, 2021 at 0.00200237

Smart Scan Analysis for IDRTWD

Based on our trend formula, IDRTWD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for IDRTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00196024 0.00196024 0.00196024 0.00196024 0.00000000
Prev. Close Volume Bid Ask Time
0.00196609 2021-03-07 21:00:30
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