Forex Trend Analysis Report
Prepared for you on Thursday, May 25, 2017.
New Zealand Dollar/New Taiwan Dollar (FOREX:NZDTWD)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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 DOWN since Dec 20th, 2016 at 22.462
The intermediate term trend has been UP since May 18th, 2017 at 20.935
The short term trend has been UP since May 18th, 2017 at 20.935
Smart Scan Analysis for NZDTWD
Based on a pre-defined weighted trend formula for chart analysis, NZDTWD scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).