Forex Trend Analysis Report
Prepared for you on Tuesday, July 25, 2017.
Euro/New Taiwan Dollar (FOREX:EURTWD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 EURTWD
The long term trend has been UP since May 18th, 2017 at 33.3314
The intermediate term trend has been UP since Apr 20th, 2017 at 32.6174
The short term trend has been UP since May 18th, 2017 at 32.9893
Smart Scan Analysis for EURTWD
Based on a pre-defined weighted trend formula for chart analysis, EURTWD scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).