Forex Trend Analysis Report
Prepared for you on Tuesday, January 23, 2018.
New Taiwan Dollar/Canadian Dollar (FOREX:TWDCAD)
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 TWDCAD
The long term trend has been UP since Oct 31st, 2017 at 0.042790
The intermediate term trend has been DOWN since Dec 5th, 2017 at 0.042045
The short term trend has been UP since Jan 19th, 2018 at 0.042380
Smart Scan Analysis for TWDCAD
Based on a pre-defined weighted trend formula for chart analysis, TWDCAD scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).