Forex Trend Analysis Report
Prepared for you on Friday, August 17, 2018.
New Taiwan Dollar/British Pound (FOREX:TWDGBP)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 TWDGBP
The long term trend has been UP since May 23rd, 2018 at 0.024960
The intermediate term trend has been UP since Jul 19th, 2018 at 0.025080
The short term trend has been UP since Aug 15th, 2018 at 0.025494
Smart Scan Analysis for TWDGBP
Based on a pre-defined weighted trend formula for chart analysis, TWDGBP scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).