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Forex Trend Analysis Report

Prepared for you on Wednesday, June 19, 2024.

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.

FOREX_IDRTWD
Open High Low IDRTWD Price Change
0.00198075 0.00198106 0.00197286 0.00197687 -0.00000400
Entry Signal

MarketClub’s Trade Triangles for IDRTWD

long term down The long-term trend has been DOWN since Jun 5th, 2024 at 0.00197821

intermediate term down The intermediate-term trend has been DOWN since May 27th, 2024 at 0.00200053

short term up The short-term trend has been UP since Jun 18th, 2024 at 0.00197898

Smart Scan Analysis for IDRTWD

Based on our trend formula, IDRTWD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for IDRTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00198075 0.00198106 0.00197286 0.00197687 -0.00000400
Prev. Close Volume Bid Ask Time
0.00198075 2024-06-19 10:47:46
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