Forex Trend Analysis Report
Prepared for you on Friday, October 20, 2017.
New Taiwan Dollar/Swedish Krona (FOREX:TWDSEK)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 TWDSEK
The long term trend has been DOWN since Jun 19th, 2017 at 0.28655
The intermediate term trend has been UP since Sep 26th, 2017 at 0.26657
The short term trend has been UP since Oct 13th, 2017 at 0.26877
Smart Scan Analysis for TWDSEK
Based on a pre-defined weighted trend formula for chart analysis, TWDSEK scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).