Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Friday, September 22, 2017.

New Taiwan Dollar/Chinese Renminbi Yuan (FOREX:TWDCNY)

Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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.

FOREX_TWDCNY
Open High Low TWDCNY Price Change
0.218885 0.219645 0.217950 0.218160 -0.000725
Entry Signal

MarketClub’s Trade Triangles for TWDCNY

long term down The long term trend has been DOWN since Jul 3rd, 2017 at 0.222760

intermediate term down The intermediate term trend has been DOWN since May 18th, 2017 at 0.226615

short term down The short term trend has been DOWN since Sep 20th, 2017 at 0.217415

Smart Scan Analysis for TWDCNY

Based on a pre-defined weighted trend formula for chart analysis, TWDCNY scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-80
Smart Scan Analysis for TWDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.218885 0.219645 0.217950 0.218160 -0.000725
Prev. Close Volume Bid Ask Time
0.218885 0.217880 0.218440 2017-09-22 23:46:48
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