Forex Trend Analysis Report
Prepared for you on Sunday, January 20, 2019.
New Taiwan Dollar/Singapore Dollar (FOREX:TWDSGD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 Jan 2nd, 2019 at 0.044164
The intermediate term trend has been DOWN since Jan 2nd, 2019 at 0.044235
The short term trend has been UP since Jan 16th, 2019 at 0.043987
Smart Scan Analysis for TWDSGD
Based on a pre-defined weighted trend formula for chart analysis, TWDSGD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).