Forex Trend Analysis Report
Prepared for you on Sunday, November 18, 2018.
New Taiwan Dollar/New Zealand Dollar (FOREX:TWDNZD)
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 TWDNZD
The long term trend has been DOWN since Nov 12th, 2018 at 0.047989
The intermediate term trend has been DOWN since Oct 21st, 2018 at 0.049014
The short term trend has been DOWN since Oct 29th, 2018 at 0.049348
Smart Scan Analysis for TWDNZD
Based on a pre-defined weighted trend formula for chart analysis, TWDNZD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).