Forex Trend Analysis Report
Prepared for you on Tuesday, November 21, 2017.
New Taiwan Dollar/Hong Kong Dollar (FOREX:TWDHKD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 TWDHKD
The long term trend has been DOWN since Oct 26th, 2017 at 0.254550
The intermediate term trend has been UP since Nov 14th, 2017 at 0.259740
The short term trend has been DOWN since Nov 15th, 2017 at 0.258335
Smart Scan Analysis for TWDHKD
Based on a pre-defined weighted trend formula for chart analysis, TWDHKD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).