Forex Trend Analysis Report
Prepared for you on Friday, September 17, 2021.
New Taiwan Dollar/Indonesian Rupiah (FOREX:TWDIDR)
Countertrend Up (+85) - TWDIDR 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 TWDIDR?
MarketClub looks at technical strength and momentum to determine if the timing is right for TWDIDR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for TWDIDR
The long-term trend has been UP since Feb 16th, 2021 at 512.53266
The intermediate-term trend has been UP since Sep 2nd, 2021 at 519.95359
The short-term trend has been UP since Sep 2nd, 2021 at 517.92344
Smart Scan Analysis for TWDIDR
Based on our trend formula, TWDIDR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).