Forex Trend Analysis Report
Prepared for you on Wednesday, June 20, 2018.
Canadian Dollar/New Taiwan Dollar (FOREX:CADTWD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 CADTWD
The long term trend has been UP since May 15th, 2018 at 23.3580
The intermediate term trend has been DOWN since May 27th, 2018 at 23.1305
The short term trend has been DOWN since Jun 17th, 2018 at 22.9795
Smart Scan Analysis for CADTWD
Based on a pre-defined weighted trend formula for chart analysis, CADTWD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).