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Forex Trend Analysis Report

Prepared for you on Tuesday, May 22, 2018.

Singapore Dollar/New Taiwan Dollar (FOREX:SGDTWD)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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.

Open High Low SGDTWD Price Change
22.3135 22.3435 22.2820 22.2820 -0.0315
Entry Signal

MarketClub’s Trade Triangles for SGDTWD

long term up The long term trend has been UP since Apr 16th, 2018 at 22.4090

intermediate term down The intermediate term trend has been DOWN since May 8th, 2018 at 22.2395

short term up The short term trend has been UP since May 14th, 2018 at 22.3215

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).

Smart Scan Analysis for SGDTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
22.3135 22.3435 22.2820 22.2820 -0.0315
Prev. Close Volume Bid Ask Time
22.3135 22.2620 22.3020 2018-05-22 05:44:14
Want to analyze Singapore Dollar/New Taiwan Dollar SGDTWD or another symbol? Try our Free Forex Trend Analysis Report.