Forex Trend Analysis Report
Prepared for you on Friday, March 23, 2018.
New Taiwan Dollar/Norwegian Krone (FOREX:TWDNOK)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management 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 TWDNOK
The long term trend has been DOWN since Feb 1st, 2018 at 0.26295
The intermediate term trend has been DOWN since Mar 2nd, 2018 at 0.26550
The short term trend has been UP since Mar 23rd, 2018 at 0.26590
Smart Scan Analysis for TWDNOK
Based on a pre-defined weighted trend formula for chart analysis, TWDNOK scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).