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.
MarketClub’s Trade Triangles for TWDJPY
The long term trend has been DOWN since Feb 6th, 2018 at 3.68870
The intermediate term trend has been DOWN since May 23rd, 2018 at 3.63825
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).