Forex Trend Analysis Report
Prepared for you on Friday, March 5, 2021.
New Taiwan Dollar/Indian Rupee (FOREX:TWDINR)
Countertrend Up (+85) - TWDINR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid TWDINR?
MarketClub looks at technical strength and momentum to determine if the timing is right for TWDINR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for TWDINR
The long-term trend has been UP since Oct 8th, 2020 at 2.5838027
The intermediate-term trend has been UP since Feb 25th, 2021 at 2.6236544
The short-term trend has been DOWN since Mar 3rd, 2021 at 2.6264318
Smart Scan Analysis for TWDINR
Based on our trend formula, TWDINR is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).