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Forex Trend Analysis Report

Prepared for you on Thursday, December 13, 2018.

Singapore Dollar/New Taiwan Dollar (FOREX:SGDTWD)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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.

Open High Low SGDTWD Price Change
22.4370 22.5795 22.4115 22.5320 +0.0950
Entry Signal

MarketClub’s Trade Triangles for SGDTWD

long term up The long term trend has been UP since Nov 20th, 2018 at 22.6425

intermediate term up The intermediate term trend has been UP since Nov 19th, 2018 at 22.4890

short term down The short term trend has been DOWN since Dec 12th, 2018 at 22.4260

Smart Scan Analysis for SGDTWD

Based on a pre-defined weighted trend formula for chart analysis, SGDTWD scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for SGDTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
22.4370 22.5795 22.4115 22.5320 +0.0950
Prev. Close Volume Bid Ask Time
22.4370 22.5300 22.5340 2018-12-13 16:59:47
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