Forex Trend Analysis Report
Prepared for you on Tuesday, August 21, 2018.
South Korean Won/New Taiwan Dollar (FOREX:KRWTWD)
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 KRWTWD
The long term trend has been DOWN since Jul 13th, 2018 at 2.70330
The intermediate term trend has been UP since Jul 27th, 2018 at 2.74595
The short term trend has been DOWN since Aug 21st, 2018 at 2.72575
Smart Scan Analysis for KRWTWD
Based on a pre-defined weighted trend formula for chart analysis, KRWTWD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).