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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.

FOREX_TWDIDR
Open High Low TWDIDR Price Change
503.22627 506.43708 502.63927 503.06075 -0.16552
Entry Signal

MarketClub’s Trade Triangles for TWDIDR

long term down The long-term trend has been DOWN since Oct 11th, 2021 at 505.64991

intermediate term down The intermediate-term trend has been DOWN since Oct 4th, 2021 at 511.27388

short term up 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).

-85
Smart Scan Analysis for TWDIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
503.22627 506.43708 502.63927 503.06075 -0.16552
Prev. Close Volume Bid Ask Time
503.22627 2021-10-18 21:42:49
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