Forex Trend Analysis Report
Prepared for you on Thursday, August 17, 2017.
New Zealand Dollar/New Taiwan Dollar (FOREX:NZDTWD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 NZDTWD
The long term trend has been UP since Jun 8th, 2017 at 21.6710
The intermediate term trend has been DOWN since Aug 7th, 2017 at 22.6255
The short term trend has been UP since May 18th, 2017 at 20.9350
Smart Scan Analysis for NZDTWD
Based on a pre-defined weighted trend formula for chart analysis, NZDTWD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).