Forex Trend Analysis Report
Prepared for you on Thursday, December 13, 2018.
Chinese Renminbi Yuan/New Taiwan Dollar (FOREX:CNYTWD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 CNYTWD
The long term trend has been DOWN since Jun 21st, 2018 at 4.6565
The intermediate term trend has been UP since Nov 21st, 2018 at 4.4630
The short term trend has been DOWN since Dec 13th, 2018 at 4.4897
Smart Scan Analysis for CNYTWD
Based on a pre-defined weighted trend formula for chart analysis, CNYTWD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).