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Forex Trend Analysis Report

Prepared for you on Wednesday, January 17, 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
22.3040 22.3660 22.2670 22.3135 +0.0095
Entry Signal

MarketClub’s Trade Triangles for SGDTWD

long term down The long term trend has been DOWN since Jan 12th, 2018 at 22.0285

intermediate term up The intermediate term trend has been UP since Jan 16th, 2018 at 22.3710

short term up The short term trend has been UP since Jan 15th, 2018 at 22.3160

Smart Scan Analysis for SGDTWD

Based on a pre-defined weighted trend formula for chart analysis, SGDTWD scored +70 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
22.3040 22.3660 22.2670 22.3135 +0.0095
Prev. Close Volume Bid Ask Time
22.3040 22.3110 22.3160 2018-01-17 17:10:21
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