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.
MarketClub’s Trade Triangles for SGDTWD
The long term trend has been UP since Apr 16th, 2018 at 22.4090
The intermediate term trend has been DOWN since May 8th, 2018 at 22.2395
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).