Forex Trend Analysis Report
Prepared for you on Saturday, February 23, 2019.
Indonesian Rupiah/New Taiwan Dollar (FOREX:IDRTWD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management 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 Nov 26th, 2018 at 0.213365
The intermediate term trend has been UP since Jan 2nd, 2019 at 0.213880
The short term trend has been UP since Feb 20th, 2019 at 0.218725
Smart Scan Analysis for IDRTWD
Based on a pre-defined weighted trend formula for chart analysis, IDRTWD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).