Forex Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
New Taiwan Dollar/Chinese Renminbi Yuan (FOREX:TWDCNY)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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.
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 Oct 11th, 2018 at 0.221825
The short term trend has been UP since Oct 16th, 2018 at 0.224715
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).