Forex Trend Analysis Report
Prepared for you on Tuesday, June 19, 2018.
New Taiwan Dollar/British Pound (FOREX:TWDGBP)
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 TWDGBP
The long term trend has been UP since May 23rd, 2018 at 0.02496
The intermediate term trend has been DOWN since Jun 14th, 2018 at 0.02473
The short term trend has been UP since Jun 15th, 2018 at 0.02513
Smart Scan Analysis for TWDGBP
Based on a pre-defined weighted trend formula for chart analysis, TWDGBP scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).