Forex Trend Analysis Report
Prepared for you on Wednesday, September 19, 2018.
New Taiwan Dollar/Norwegian Krone (FOREX:TWDNOK)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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.
MarketClub’s Trade Triangles for TWDNOK
The long term trend has been DOWN since Jul 5th, 2018 at 0.26360
The intermediate term trend has been DOWN since Sep 12th, 2018 at 0.27025
The short term trend has been DOWN since Sep 10th, 2018 at 0.27250
Smart Scan Analysis for TWDNOK
Based on a pre-defined weighted trend formula for chart analysis, TWDNOK scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).