Forex Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
Indonesian Rupiah/New Taiwan Dollar (FOREX:IDRTWD)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for IDRTWD
The long term trend has been UP since May 31st, 2019 at 0.221520
The intermediate term trend has been DOWN since Sep 18th, 2019 at 0.219630
The short term trend has been DOWN since Sep 11th, 2019 at 0.221455
Smart Scan Analysis for IDRTWD
Based on a pre-defined weighted trend formula for chart analysis, IDRTWD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).