Forex Trend Analysis Report
Prepared for you on Wednesday, June 28, 2017.
New Zealand Dollar/New Taiwan Dollar (FOREX:NZDTWD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.
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 21.671
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 +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).