Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
Indian Rupee/New Taiwan Dollar (FOREX:INRTWD)
Countertrend Down (-85) - INRTWD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid INRTWD?
MarketClub looks at technical strength and momentum to determine if the timing is right for INRTWD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for INRTWD
The long-term trend has been DOWN since Aug 15th, 2019 at 0.44123500
The intermediate-term trend has been DOWN since May 18th, 2020 at 0.39343397
The short-term trend has been UP since May 21st, 2020 at 0.39621411
Smart Scan Analysis for INRTWD
Based on our trend formula, INRTWD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).