Forex Trend Analysis Report
Prepared for you on Wednesday, February 21, 2018.
New Taiwan Dollar/Japanese Yen (FOREX:TWDJPY)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 TWDJPY
The long term trend has been DOWN since Feb 6th, 2018 at 3.6887
The intermediate term trend has been DOWN since Jan 15th, 2018 at 3.7508
The short term trend has been UP since Feb 20th, 2018 at 3.6698
Smart Scan Analysis for TWDJPY
Based on a pre-defined weighted trend formula for chart analysis, TWDJPY scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).