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Forex Trend Analysis Report

Prepared for you on Monday, October 2, 2023.

Indonesian Rupiah/New Taiwan Dollar (FOREX:IDRTWD)

Sidelines Mode (+55) - IDRTWD 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 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.

FOREX_IDRTWD
Open High Low IDRTWD Price Change
0.00207654 0.00208291 0.00207209 0.00208097 +0.00000400
Entry Signal

MarketClub’s Trade Triangles for IDRTWD

long term up The long-term trend has been UP since Aug 3rd, 2023 at 0.00217078

intermediate term down The intermediate-term trend has been DOWN since Sep 14th, 2023 at 0.00207602

short term up The short-term trend has been UP since Oct 1st, 2023 at 0.00208333

Smart Scan Analysis for IDRTWD

Based on our trend formula, IDRTWD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for IDRTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00207654 0.00208291 0.00207209 0.00208097 +0.00000400
Prev. Close Volume Bid Ask Time
0.00207654 2023-10-02 17:45:50
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