Forex Trend Analysis Report
Prepared for you on Sunday, October 22, 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.
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 DOWN since Oct 6th, 2017 at 22.2295
The short term trend has been UP since Oct 22nd, 2017 at 22.2945
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).