Forex Trend Analysis Report
Prepared for you on Sunday, December 16, 2018.
Hong Kong Dollar/New Taiwan Dollar (FOREX:HKDTWD)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend 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 HKDTWD
The long term trend has been UP since Apr 25th, 2018 at 3.7638
The intermediate term trend has been UP since Nov 12th, 2018 at 3.9450
The short term trend has been UP since Dec 11th, 2018 at 3.9498
Smart Scan Analysis for HKDTWD
Based on a pre-defined weighted trend formula for chart analysis, HKDTWD scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).