Forex Trend Analysis Report
Prepared for you on Sunday, May 27, 2018.
New Taiwan Dollar/US Dollar (FOREX:TWDUSD)
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 TWDUSD
The long term trend has been DOWN since May 2nd, 2018 at 0.033615
The intermediate term trend has been DOWN since Apr 6th, 2018 at 0.034120
The short term trend has been UP since May 22nd, 2018 at 0.033460
Smart Scan Analysis for TWDUSD
Based on a pre-defined weighted trend formula for chart analysis, TWDUSD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).