Forex Trend Analysis Report
Prepared for you on Sunday, May 28, 2017.
Euro/New Taiwan Dollar (FOREX:EURTWD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 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 +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).