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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.

FOREX_TWDCNY
Open High Low TWDCNY Price Change
0.224610 0.224720 0.224320 0.224675 +0.000065
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 Oct 11th, 2018 at 0.221825

short term up 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).

+75
Smart Scan Analysis for TWDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.224610 0.224720 0.224320 0.224675 +0.000065
Prev. Close Volume Bid Ask Time
0.224610 0.224610 0.224740 2018-10-17 06:13:12
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