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.
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 Feb 16th, 2021 at 0.00199571
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).