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Forex Trend Analysis Report

Prepared for you on Thursday, May 24, 2018.

New Taiwan Dollar/Japanese Yen (FOREX:TWDJPY)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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.

FOREX_TWDJPY
Open High Low TWDJPY Price Change
3.64825 3.66320 3.64575 3.64875 +0.00050
Entry Signal

MarketClub’s Trade Triangles for TWDJPY

long term down The long term trend has been DOWN since Feb 6th, 2018 at 3.68870

intermediate term down The intermediate term trend has been DOWN since May 23rd, 2018 at 3.63825

short term down The short term trend has been DOWN since May 22nd, 2018 at 3.69190

Smart Scan Analysis for TWDJPY

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

-100
Smart Scan Analysis for TWDJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.64825 3.66320 3.64575 3.64875 +0.00050
Prev. Close Volume Bid Ask Time
3.64825 3.64850 3.64900 2018-05-24 02:05:00
Want to analyze New Taiwan Dollar/Japanese Yen TWDJPY or another symbol? Try our Free Forex Trend Analysis Report.