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Forex Trend Analysis Report

Prepared for you on Thursday, November 15, 2018.

New Taiwan Dollar/South Korean Won (FOREX:TWDKRW)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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_TWDKRW
Open High Low TWDKRW Price Change
36.5615 36.7240 36.5375 36.6055 +0.0440
Entry Signal

MarketClub’s Trade Triangles for TWDKRW

long term up The long term trend has been UP since Jul 13th, 2018 at 36.9915

intermediate term down The intermediate term trend has been DOWN since Nov 2nd, 2018 at 36.3140

short term down The short term trend has been DOWN since Nov 14th, 2018 at 36.5815

Smart Scan Analysis for TWDKRW

Based on a pre-defined weighted trend formula for chart analysis, TWDKRW scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for TWDKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
36.5615 36.7240 36.5375 36.6055 +0.0440
Prev. Close Volume Bid Ask Time
36.5615 36.6050 36.6060 2018-11-15 22:28:43
Want to analyze New Taiwan Dollar/South Korean Won TWDKRW or another symbol? Try our Free Forex Trend Analysis Report.