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Forex Trend Analysis Report

Prepared for you on Wednesday, January 29, 2020.

New Taiwan Dollar/Indonesian Rupiah (FOREX:TWDIDR)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_TWDIDR
Open High Low TWDIDR Price Change
452.60750 452.60750 452.60750 452.60750 0.00000
Entry Signal

MarketClub’s Trade Triangles for TWDIDR

long term down The long term trend has been DOWN since Jan 16th, 2020 at 456.69000

intermediate term down The intermediate term trend has been DOWN since Jan 7th, 2020 at 460.29381

short term down The short term trend has been DOWN since Jan 27th, 2020 at 451.59393

Smart Scan Analysis for TWDIDR

Based on a pre-defined weighted trend formula for chart analysis, TWDIDR scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for TWDIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
452.60750 452.60750 452.60750 452.60750 0.00000
Prev. Close Volume Bid Ask Time
452.60750 445.67484 459.54016 2020-01-29 05:51:37
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