Forex Trend Analysis Report
Prepared for you on Thursday, October 19, 2017.
New Taiwan Dollar/Singapore Dollar (FOREX:TWDSGD)
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 TWDSGD
The long term trend has been DOWN since Jun 15th, 2017 at 0.045530
The intermediate term trend has been UP since Oct 6th, 2017 at 0.044995
The short term trend has been UP since Oct 13th, 2017 at 0.044985
Smart Scan Analysis for TWDSGD
Based on a pre-defined weighted trend formula for chart analysis, TWDSGD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).