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.
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 DOWN since Nov 2nd, 2018 at 36.3140
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).