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Forex Trend Analysis Report

Prepared for you on Wednesday, December 12, 2018.

Australian Dollar/New Taiwan Dollar (FOREX:AUDTWD)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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.

FOREX_AUDTWD
Open High Low AUDTWD Price Change
22.3935 22.3935 22.3935 22.3935 0.0000
Entry Signal

MarketClub’s Trade Triangles for AUDTWD

long term up The long term trend has been UP since Dec 2nd, 2018 at 22.5365

intermediate term down The intermediate term trend has been DOWN since Dec 9th, 2018 at 22.2240

short term down The short term trend has been DOWN since Dec 6th, 2018 at 22.5305

Smart Scan Analysis for AUDTWD

Based on a pre-defined weighted trend formula for chart analysis, AUDTWD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for AUDTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
22.3935 22.3935 22.3935 22.3935 0.0000
Prev. Close Volume Bid Ask Time
22.3935 21.7560 23.0310 2018-12-11 20:59:11
Want to analyze Australian Dollar/New Taiwan Dollar AUDTWD or another symbol? Try our Free Forex Trend Analysis Report.