Forex Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
Chinese Renminbi Yuan/New Taiwan Dollar (FOREX:CNYTWD)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 4.65650
The intermediate term trend has been DOWN since Sep 24th, 2018 at 4.48100
The short term trend has been DOWN since Oct 14th, 2018 at 4.46885
Smart Scan Analysis for CNYTWD
Based on a pre-defined weighted trend formula for chart analysis, CNYTWD scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).