Forex Trend Analysis Report
Prepared for you on Thursday, May 6, 2021.
New Taiwan Dollar/Indian Rupee (FOREX:TWDINR)
Countertrend Up (+85) - TWDINR 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 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 UP since Apr 19th, 2021 at 2.6624787
The intermediate-term trend has been UP since Apr 6th, 2021 at 2.5851556
The short-term trend has been UP since Apr 19th, 2021 at 2.6550121
Smart Scan Analysis for TWDINR
Based on our trend formula, TWDINR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).