Forex Trend Analysis Report
Prepared for you on Monday, July 16, 2018.
New Taiwan Dollar/South Korean Won (FOREX:TWDKRW)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend 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 TWDKRW
The long term trend has been UP since Jul 13th, 2018 at 36.9915
The intermediate term trend has been UP since Jun 15th, 2018 at 36.4945
The short term trend has been UP since Jul 10th, 2018 at 36.7680
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).