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Forex Trend Analysis Report

Prepared for you on Friday, October 19, 2018.

Singapore Dollar/New Taiwan Dollar (FOREX:SGDTWD)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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.

FOREX_SGDTWD
Open High Low SGDTWD Price Change
22.5415 22.5955 22.2970 22.2970 -0.2445
Entry Signal

MarketClub’s Trade Triangles for SGDTWD

long term down The long term trend has been DOWN since Oct 1st, 2018 at 22.214

intermediate term down The intermediate term trend has been DOWN since Sep 28th, 2018 at 22.289

short term down The short term trend has been DOWN since Oct 19th, 2018 at 22.346

Smart Scan Analysis for SGDTWD

Based on a pre-defined weighted trend formula for chart analysis, SGDTWD scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for SGDTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
22.5415 22.5955 22.2970 22.2970 -0.2445
Prev. Close Volume Bid Ask Time
22.5415 22.2860 22.3080 2018-10-19 21:44:13
Want to analyze Singapore Dollar/New Taiwan Dollar SGDTWD or another symbol? Try our Free Forex Trend Analysis Report.