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Forex Trend Analysis Report

Prepared for you on Saturday, December 16, 2017.

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

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.

FOREX_TWDKRW
Open High Low TWDKRW Price Change
36.187 36.187 36.187 36.187 0.000
Entry Signal

MarketClub’s Trade Triangles for TWDKRW

long term down The long term trend has been DOWN since Jul 24th, 2017 at 36.6735

intermediate term down The intermediate term trend has been DOWN since Oct 23rd, 2017 at 37.2310

short term down The short term trend has been DOWN since Dec 14th, 2017 at 36.1645

Smart Scan Analysis for TWDKRW

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

-100
Smart Scan Analysis for TWDKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
36.187 36.187 36.187 36.187 0.000
Prev. Close Volume Bid Ask Time
36.187 36.145 36.229 2017-12-16 13:45:25
Want to analyze New Taiwan Dollar/South Korean Won TWDKRW or another symbol? Try our Free Forex Trend Analysis Report.