Forex Trend Analysis Report
Prepared for you on Saturday, April 21, 2018.
New Taiwan Dollar/New Zealand Dollar (FOREX:TWDNZD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 TWDNZD
The long term trend has been DOWN since Apr 13th, 2018 at 0.046155
The intermediate term trend has been DOWN since Apr 9th, 2018 at 0.046760
The short term trend has been UP since Apr 17th, 2018 at 0.046460
Smart Scan Analysis for TWDNZD
Based on a pre-defined weighted trend formula for chart analysis, TWDNZD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).