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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.

FOREX_TWDINR
Open High Low TWDINR Price Change
2.6106310 2.6178436 2.6057928 2.6152744 +0.0046430
Entry Signal

MarketClub’s Trade Triangles for TWDINR

long term up The long-term trend has been UP since Oct 8th, 2020 at 2.5838027

intermediate term up The intermediate-term trend has been UP since Feb 25th, 2021 at 2.6236544

short term down 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).

+85
Smart Scan Analysis for TWDINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.6106310 2.6178436 2.6057928 2.6152744 +0.0046430
Prev. Close Volume Bid Ask Time
2.6106310 2021-03-05 09:13:28
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