Forex Trend Analysis Report
Prepared for you on Monday, September 24, 2018.
New Taiwan Dollar/Swedish Krona (FOREX:TWDSEK)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 UP since Mar 28th, 2018 at 0.284410
The intermediate term trend has been DOWN since Sep 7th, 2018 at 0.294250
The short term trend has been DOWN since Sep 6th, 2018 at 0.294745
Smart Scan Analysis for TWDSEK
Based on a pre-defined weighted trend formula for chart analysis, TWDSEK scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).