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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.

FOREX_TWDCNY
Open High Low TWDCNY Price Change
0.222995 0.224095 0.221815 0.224035 +0.001040
Entry Signal

MarketClub’s Trade Triangles for TWDCNY

long term up The long term trend has been UP since Jul 2nd, 2018 at 0.218390

intermediate term down The intermediate term trend has been DOWN since Dec 3rd, 2018 at 0.223190

short term down 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).

-50
Smart Scan Analysis for TWDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.222995 0.224095 0.221815 0.224035 +0.001040
Prev. Close Volume Bid Ask Time
0.222995 0.223750 0.224320 2018-12-14 22:06:11
Want to analyze New Taiwan Dollar/Chinese Renminbi Yuan TWDCNY or another symbol? Try our Free Forex Trend Analysis Report.