Forex Trend Analysis Report
Prepared for you on Friday, September 18, 2020.
New Taiwan Dollar/Indian Rupee (FOREX:TWDINR)
Sidelines Mode (-55) - TWDINR 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 TWDINR?
MarketClub looks at technical strength and momentum to determine if the timing is right for TWDINR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for TWDINR
The long-term trend has been DOWN since Aug 28th, 2020 at 2.5047581
The intermediate-term trend has been DOWN since Aug 18th, 2020 at 2.5357444
The short-term trend has been UP since Sep 8th, 2020 at 2.5188887
Smart Scan Analysis for TWDINR
Based on our trend formula, TWDINR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).