Forex Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
Australian Dollar/New Taiwan Dollar (FOREX:AUDTWD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 AUDTWD
The long term trend has been DOWN since Mar 5th, 2018 at 22.7915
The intermediate term trend has been DOWN since Oct 4th, 2018 at 21.8975
The short term trend has been UP since Oct 9th, 2018 at 21.8585
Smart Scan Analysis for AUDTWD
Based on a pre-defined weighted trend formula for chart analysis, AUDTWD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).