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Forex Trend Analysis Report

Prepared for you on Thursday, May 24, 2018.

New Taiwan Dollar/Hong Kong Dollar (FOREX:TWDHKD)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend 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.

FOREX_TWDHKD
Open High Low TWDHKD Price Change
0.261335 0.261660 0.261315 0.261560 +0.000225
Entry Signal

MarketClub’s Trade Triangles for TWDHKD

long term down The long term trend has been DOWN since Apr 26th, 2018 at 0.263060

intermediate term down The intermediate term trend has been DOWN since Apr 17th, 2018 at 0.266925

short term down The short term trend has been DOWN since May 23rd, 2018 at 0.260660

Smart Scan Analysis for TWDHKD

Based on a pre-defined weighted trend formula for chart analysis, TWDHKD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for TWDHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.261335 0.261660 0.261315 0.261560 +0.000225
Prev. Close Volume Bid Ask Time
0.261335 0.261490 0.261630 2018-05-24 02:05:00
Want to analyze New Taiwan Dollar/Hong Kong Dollar TWDHKD or another symbol? Try our Free Forex Trend Analysis Report.