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Forex Trend Analysis Report

Prepared for you on Wednesday, April 25, 2018.

New Taiwan Dollar/Canadian Dollar (FOREX:TWDCAD)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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.

FOREX_TWDCAD
Open High Low TWDCAD Price Change
0.043455 0.043490 0.043085 0.043115 -0.000340
Entry Signal

MarketClub’s Trade Triangles for TWDCAD

long term up The long term trend has been UP since Oct 31st, 2017 at 0.042790

intermediate term down The intermediate term trend has been DOWN since Apr 4th, 2018 at 0.043715

short term down The short term trend has been DOWN since Apr 25th, 2018 at 0.043205

Smart Scan Analysis for TWDCAD

Based on a pre-defined weighted trend formula for chart analysis, TWDCAD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for TWDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.043455 0.043490 0.043085 0.043115 -0.000340
Prev. Close Volume Bid Ask Time
0.043455 0.043110 0.043120 2018-04-25 23:18:37
Want to analyze New Taiwan Dollar/Canadian Dollar TWDCAD or another symbol? Try our Free Forex Trend Analysis Report.