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Forex Trend Analysis Report
Prepared for you on Friday, December 6, 2024.
New Taiwan Dollar/Indonesian Rupiah (FOREX:TWDIDR)
Sidelines Mode (-55) - TWDIDR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 UP since Dec 3rd, 2024 at 488.93159
Smart Scan Analysis for TWDIDR
Based on our trend formula, TWDIDR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 489.15302 | 490.15940 | 487.87304 | 489.49148 | +0.33846 |
| Prev. Close | Volume | Bid | Ask | Time |
| 489.15302 | 2024-12-06 17:02:08 |