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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.

FOREX_TWDJPY
Open High Low TWDJPY Price Change
3.68895 3.68940 3.68350 3.68435 -0.00460
Entry Signal

MarketClub’s Trade Triangles for TWDJPY

long term down The long term trend has been DOWN since Feb 6th, 2018 at 3.6887

intermediate term down The intermediate term trend has been DOWN since Jan 15th, 2018 at 3.7508

short term up 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).

-85
Smart Scan Analysis for TWDJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.68895 3.68940 3.68350 3.68435 -0.00460
Prev. Close Volume Bid Ask Time
3.68895 3.68380 3.68490 2018-02-21 01:57:35
Want to analyze New Taiwan Dollar/Japanese Yen TWDJPY or another symbol? Try our Free Forex Trend Analysis Report.