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Forex Trend Analysis Report

Prepared for you on Monday, August 20, 2018.

New Taiwan Dollar/Canadian Dollar (FOREX:TWDCAD)

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.

FOREX_TWDCAD
Open High Low TWDCAD Price Change
0.042554 0.042628 0.042464 0.042615 +0.000061
Entry Signal

MarketClub’s Trade Triangles for TWDCAD

long term down The long term trend has been DOWN since Jul 26th, 2018 at 0.042545

intermediate term down The intermediate term trend has been DOWN since Jul 11th, 2018 at 0.042955

short term up The short term trend has been UP since Aug 16th, 2018 at 0.042774

Smart Scan Analysis for TWDCAD

Based on a pre-defined weighted trend formula for chart analysis, TWDCAD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for TWDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.042554 0.042628 0.042464 0.042615 +0.000061
Prev. Close Volume Bid Ask Time
0.042554 0.042612 0.042618 2018-08-20 18:11:48
Want to analyze New Taiwan Dollar/Canadian Dollar TWDCAD or another symbol? Try our Free Forex Trend Analysis Report.