Forex Trend Analysis Report
Prepared for you on Tuesday, January 22, 2019.
New Taiwan Dollar/Indian Rupee (FOREX:TWDINR)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 TWDINR
The long term trend has been DOWN since Jan 4th, 2019 at 2.25625
The intermediate term trend has been UP since Jan 14th, 2019 at 2.29755
The short term trend has been UP since Jan 8th, 2019 at 2.27045
Smart Scan Analysis for TWDINR
Based on a pre-defined weighted trend formula for chart analysis, TWDINR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).