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Forex Trend Analysis Report

Prepared for you on Tuesday, May 23, 2017.

Singapore Dollar/New Taiwan Dollar (FOREX:SGDTWD)

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.

FOREX_SGDTWD
Open High Low SGDTWD Price Change
21.6380 21.6565 21.6100 21.6335 -0.0045
Entry Signal

MarketClub’s Trade Triangles for SGDTWD

long term down The long term trend has been DOWN since Jul 28th, 2016 at 23.5070

intermediate term up The intermediate term trend has been UP since May 18th, 2017 at 21.7415

short term down The short term trend has been DOWN since May 22nd, 2017 at 21.5820

Smart Scan Analysis for SGDTWD

Based on a pre-defined weighted trend formula for chart analysis, SGDTWD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+55
Smart Scan Analysis for SGDTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
21.6380 21.6565 21.6100 21.6335 -0.0045
Prev. Close Volume Bid Ask Time
21.6380 21.6310 21.6360 2017-05-23 06:57:35
Want to analyze Singapore Dollar/New Taiwan Dollar SGDTWD or another symbol? Try our Free Forex Trend Analysis Report.