Forex Trend Analysis Report
Prepared for you on Monday, November 19, 2018.
New Taiwan Dollar/Singapore Dollar (FOREX:TWDSGD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 UP since Oct 1st, 2018 at 0.045007
The intermediate term trend has been DOWN since Nov 19th, 2018 at 0.044474
The short term trend has been DOWN since Nov 19th, 2018 at 0.044518
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).