Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
Indonesian Rupiah/New Taiwan Dollar (FOREX:IDRTWD)
Bull Market Weakness (+75) - IDRTWD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on IDRTWD as it may be in the beginning stages 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 UP since Oct 4th, 2021 at 0.00194973
The intermediate-term trend has been UP since Oct 10th, 2021 at 0.00195444
The short-term trend has been UP since Oct 10th, 2021 at 0.00195444
Smart Scan Analysis for IDRTWD
Based on our trend formula, IDRTWD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).