Forex Trend Analysis Report
Prepared for you on Monday, July 16, 2018.
New Taiwan Dollar/Indian Rupee (FOREX:TWDINR)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 TWDINR
The long term trend has been UP since Sep 21st, 2017 at 2.14365
The intermediate term trend has been DOWN since May 28th, 2018 at 2.24670
The short term trend has been DOWN since Jul 11th, 2018 at 2.25385
Smart Scan Analysis for TWDINR
Based on a pre-defined weighted trend formula for chart analysis, TWDINR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).