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Forex Trend Analysis Report

Prepared for you on Saturday, January 20, 2018.

New Taiwan Dollar/Chinese Renminbi Yuan (FOREX:TWDCNY)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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
0.21860 0.21860 0.21723 0.21723 -0.00137
Entry Signal

MarketClub’s Trade Triangles for TWDCNY

long term up The long term trend has been UP since Dec 1st, 2017 at 0.221905

intermediate term down The intermediate term trend has been DOWN since Jan 12th, 2018 at 0.218380

short term down The short term trend has been DOWN since Jan 12th, 2018 at 0.218850

Smart Scan Analysis for TWDCNY

Based on a pre-defined weighted trend formula for chart analysis, TWDCNY scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for TWDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.21860 0.21860 0.21723 0.21723 -0.00137
Prev. Close Volume Bid Ask Time
0.21860 0.21695 0.21751 2018-01-20 17:58:39
Want to analyze New Taiwan Dollar/Chinese Renminbi Yuan TWDCNY or another symbol? Try our Free Forex Trend Analysis Report.