Forex Trend Analysis Report
Prepared for you on Tuesday, January 22, 2019.
New Taiwan Dollar/Hong Kong Dollar (FOREX:TWDHKD)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 TWDHKD
The long term trend has been UP since Jan 1st, 2019 at 0.257545
The intermediate term trend has been UP since Dec 27th, 2018 at 0.255865
The short term trend has been DOWN since Jan 13th, 2019 at 0.253465
Smart Scan Analysis for TWDHKD
Based on a pre-defined weighted trend formula for chart analysis, TWDHKD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).