Forex Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
New Taiwan Dollar/Indonesian Rupiah (FOREX:TWDIDR)
Countertrend Down (-85) - TWDIDR 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 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.
MarketClub’s Trade Triangles for TWDIDR
The long-term trend has been DOWN since Oct 11th, 2021 at 505.64991
The intermediate-term trend has been DOWN since Oct 4th, 2021 at 511.27388
The short-term trend has been UP since Oct 18th, 2021 at 504.74780
Smart Scan Analysis for TWDIDR
Based on our trend formula, TWDIDR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).