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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
New Taiwan Dollar/Indonesian Rupiah (FOREX:TWDIDR)
Long-Term Downtrend (-90) - TWDIDR is in a strong downtrend that is likely to continue. While TWDIDR 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 TWDIDR?
MarketClub looks at technical strength and momentum to determine if the timing is right for TWDIDR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for TWDIDR
The long-term trend has been DOWN since Jul 31st, 2024 at 485.72319
The intermediate-term trend has been DOWN since Nov 12th, 2024 at 481.61066
The short-term trend has been DOWN since Nov 18th, 2024 at 486.53987
Smart Scan Analysis for TWDIDR
Based on our trend formula, TWDIDR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 488.42722 | 489.42602 | 488.04181 | 488.86413 | +0.43691 |
| Prev. Close | Volume | Bid | Ask | Time |
| 488.42722 | 2024-11-20 03:48:59 |