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.
MarketClub’s Trade Triangles for TWDHKD
The long term trend has been DOWN since Apr 26th, 2018 at 0.263060
The intermediate term trend has been DOWN since Apr 17th, 2018 at 0.266925
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).