Forex Trend Analysis Report
Prepared for you on Monday, September 24, 2018.
New Taiwan Dollar/Singapore Dollar (FOREX:TWDSGD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 Apr 17th, 2018 at 0.044595
The intermediate term trend has been DOWN since Sep 3rd, 2018 at 0.044354
The short term trend has been UP since Sep 24th, 2018 at 0.044589
Smart Scan Analysis for TWDSGD
Based on a pre-defined weighted trend formula for chart analysis, TWDSGD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).