Forex Trend Analysis Report
Prepared for you on Wednesday, September 20, 2017.
New Taiwan Dollar/US Dollar (FOREX:TWDUSD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 UP since Jan 25th, 2017 at 0.032000
The intermediate term trend has been UP since Jul 20th, 2017 at 0.033075
The short term trend has been DOWN since Sep 13th, 2017 at 0.033265
Smart Scan Analysis for TWDUSD
Based on a pre-defined weighted trend formula for chart analysis, TWDUSD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).