Forex Trend Analysis Report
Prepared for you on Thursday, December 3, 2020.
Indonesian Rupiah/New Taiwan Dollar (FOREX:IDRTWD)
Bear Market Rally (-75) - IDRTWD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on IDRTWD as it may be in the beginning of a reversal.
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.
MarketClub’s Trade Triangles for IDRTWD
The long-term trend has been DOWN since Sep 9th, 2020 at 0.19747713
The intermediate-term trend has been DOWN since Dec 1st, 2020 at 0.00200786
The short-term trend has been DOWN since Dec 1st, 2020 at 0.00202227
Smart Scan Analysis for IDRTWD
Based on our trend formula, IDRTWD is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).