Forex Trend Analysis Report
Prepared for you on Wednesday, June 28, 2017.
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.
MarketClub’s Trade Triangles for SGDTWD
The long term trend has been UP since Jun 15th, 2017 at 21.9540
The intermediate term trend has been UP since May 18th, 2017 at 21.7415
The short term trend has been DOWN since Jun 28th, 2017 at 21.7225
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).