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.
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 Apr 4th, 2018 at 0.043715
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).