Forex Trend Analysis Report
Prepared for you on Friday, December 14, 2018.
New Taiwan Dollar/Chinese Renminbi Yuan (FOREX:TWDCNY)
Smart Scan Chart Analysis indicates that the downward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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 UP since Jul 2nd, 2018 at 0.218390
The intermediate term trend has been DOWN since Dec 3rd, 2018 at 0.223190
The short term trend has been DOWN since Dec 14th, 2018 at 0.221935
Smart Scan Analysis for TWDCNY
Based on a pre-defined weighted trend formula for chart analysis, TWDCNY scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).