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Forex Trend Analysis Report

Prepared for you on Monday, October 22, 2018.

New Taiwan Dollar/Japanese Yen (FOREX:TWDJPY)

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.

Open High Low TWDJPY Price Change
3.65745 3.67650 3.63560 3.63980 -0.01765
Entry Signal

MarketClub’s Trade Triangles for TWDJPY

long term up The long term trend has been UP since Sep 28th, 2018 at 3.7235

intermediate term down The intermediate term trend has been DOWN since Oct 11th, 2018 at 3.6157

short term up The short term trend has been UP since Oct 19th, 2018 at 3.6523

Smart Scan Analysis for TWDJPY

Based on a pre-defined weighted trend formula for chart analysis, TWDJPY scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for TWDJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.65745 3.67650 3.63560 3.63980 -0.01765
Prev. Close Volume Bid Ask Time
3.65745 3.63960 3.64000 2018-10-22 16:21:12
Want to analyze New Taiwan Dollar/Japanese Yen TWDJPY or another symbol? Try our Free Forex Trend Analysis Report.