Forex Trend Analysis Report
Prepared for you on Saturday, January 19, 2019.
New Taiwan Dollar/Japanese Yen (FOREX:TWDJPY)
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 TWDJPY
The long term trend has been DOWN since Dec 24th, 2018 at 3.57625
The intermediate term trend has been DOWN since Dec 19th, 2018 at 3.63920
The short term trend has been UP since Jan 15th, 2019 at 3.52505
Smart Scan Analysis for TWDJPY
Based on a pre-defined weighted trend formula for chart analysis, TWDJPY scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).