Forex Trend Analysis Report
Prepared for you on Saturday, September 22, 2018.
New Taiwan Dollar/New Zealand Dollar (FOREX:TWDNZD)
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 TWDNZD
The long term trend has been UP since Apr 27th, 2018 at 0.047875
The intermediate term trend has been DOWN since Sep 22nd, 2018 at 0.048474
The short term trend has been DOWN since Sep 13th, 2018 at 0.049538
Smart Scan Analysis for TWDNZD
Based on a pre-defined weighted trend formula for chart analysis, TWDNZD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).