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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.

FOREX_KRWTWD
Open High Low KRWTWD Price Change
2.7285 2.7482 2.7236 2.7369 +0.0084
Entry Signal

MarketClub’s Trade Triangles for KRWTWD

long term down The long term trend has been DOWN since Jul 13th, 2018 at 2.70330

intermediate term up The intermediate term trend has been UP since Jul 27th, 2018 at 2.74595

short term down 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).

-55
Smart Scan Analysis for KRWTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.7285 2.7482 2.7236 2.7369 +0.0084
Prev. Close Volume Bid Ask Time
2.7285 2.6595 2.8143 2018-08-21 21:18:20
Want to analyze South Korean Won/New Taiwan Dollar KRWTWD or another symbol? Try our Free Forex Trend Analysis Report.