Forex Trend Analysis Report
Prepared for you on Friday, September 22, 2017.
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.
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 DOWN since May 18th, 2017 at 0.226615
The short term trend has been DOWN since Sep 20th, 2017 at 0.217415
Smart Scan Analysis for TWDCNY
Based on a pre-defined weighted trend formula for chart analysis, TWDCNY scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).