Forex Trend Analysis Report
Prepared for you on Thursday, February 20, 2020.
Indonesian Rupiah/New Taiwan Dollar (FOREX:IDRTWD)
Countertrend Up (+85) - IDRTWD 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 IDRTWD?
MarketClub looks at technical strength and momentum to determine if the timing is right for IDRTWD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for IDRTWD
The long-term trend has been UP since Jan 16th, 2020 at 0.21897000
The intermediate-term trend has been UP since Jan 7th, 2020 at 0.21725255
The short-term trend has been UP since Feb 17th, 2020 at 0.21953620
Smart Scan Analysis for IDRTWD
Based on our trend formula, IDRTWD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).