Forex Trend Analysis Report
Prepared for you on Sunday, January 20, 2019.
New Taiwan Dollar/Swiss Franc (FOREX:TWDCHF)
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.
MarketClub’s Trade Triangles for TWDCHF
The long term trend has been DOWN since Jan 8th, 2019 at 0.031781
The intermediate term trend has been DOWN since Jan 2nd, 2019 at 0.031848
The short term trend has been UP since Jan 11th, 2019 at 0.031939
Smart Scan Analysis for TWDCHF
Based on a pre-defined weighted trend formula for chart analysis, TWDCHF scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).