Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Sunday, May 27, 2018.

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
0.212495 0.212495 0.212495 0.212495 0.000000
Entry Signal

MarketClub’s Trade Triangles for TWDCNY

long term down The long term trend has been DOWN since Jan 29th, 2018 at 0.21629

intermediate term up The intermediate term trend has been UP since May 18th, 2018 at 0.21488

short term down The short term trend has been DOWN since May 21st, 2018 at 0.21262

Smart Scan Analysis for TWDCNY

Based on a pre-defined weighted trend formula for chart analysis, TWDCNY scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-75
Smart Scan Analysis for TWDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.212495 0.212495 0.212495 0.212495 0.000000
Prev. Close Volume Bid Ask Time
0.212495 0.212210 0.212780 2018-05-27 07:22:14
Want to analyze New Taiwan Dollar/Chinese Renminbi Yuan TWDCNY or another symbol? Try our Free Forex Trend Analysis Report.