Forex Trend Analysis Report
Prepared for you on Wednesday, July 18, 2018.
New Taiwan Dollar/New Zealand Dollar (FOREX:TWDNZD)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 UP since Apr 27th, 2018 at 0.047875
The intermediate term trend has been UP since Jun 20th, 2018 at 0.048295
The short term trend has been DOWN since Jul 16th, 2018 at 0.048248
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).