Forex Trend Analysis Report
Prepared for you on Thursday, August 17, 2017.
New Taiwan Dollar/Swedish Krona (FOREX:TWDSEK)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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 TWDSEK
The long term trend has been DOWN since Jun 19th, 2017 at 0.28655
The intermediate term trend has been DOWN since Apr 24th, 2017 at 0.29310
The short term trend has been DOWN since Aug 11th, 2017 at 0.26881
Smart Scan Analysis for TWDSEK
Based on a pre-defined weighted trend formula for chart analysis, TWDSEK scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).