Forex Trend Analysis Report
Prepared for you on Saturday, November 18, 2017.
New Taiwan Dollar/Chinese Renminbi Yuan (FOREX:TWDCNY)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 TWDCNY
The long term trend has been DOWN since Jul 3rd, 2017 at 0.222760
The intermediate term trend has been UP since Oct 30th, 2017 at 0.220530
The short term trend has been DOWN since Nov 15th, 2017 at 0.219565
Smart Scan Analysis for TWDCNY
Based on a pre-defined weighted trend formula for chart analysis, TWDCNY scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).