Forex Trend Analysis Report
Prepared for you on Tuesday, October 17, 2017.
New Taiwan Dollar/South Korean Won (FOREX:TWDKRW)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
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 TWDKRW
The long term trend has been DOWN since Jul 24th, 2017 at 36.6735
The intermediate term trend has been UP since Sep 6th, 2017 at 37.8240
The short term trend has been UP since Oct 17th, 2017 at 37.4860
Smart Scan Analysis for TWDKRW
Based on a pre-defined weighted trend formula for chart analysis, TWDKRW scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).