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Forex Trend Analysis Report

Prepared for you on Thursday, December 13, 2018.

US Dollar/New Taiwan Dollar (FOREX:USDTWD)

Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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.

FOREX_USDTWD
Open High Low USDTWD Price Change
30.8230 30.8800 30.8020 30.8495 +0.0265
Entry Signal

MarketClub’s Trade Triangles for USDTWD

long term up The long term trend has been UP since May 2nd, 2018 at 29.74625

intermediate term down The intermediate term trend has been DOWN since Dec 3rd, 2018 at 30.64750

short term down The short term trend has been DOWN since Dec 11th, 2018 at 30.83200

Smart Scan Analysis for USDTWD

Based on a pre-defined weighted trend formula for chart analysis, USDTWD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+60
Smart Scan Analysis for USDTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
30.8230 30.8800 30.8020 30.8495 +0.0265
Prev. Close Volume Bid Ask Time
30.8230 30.8400 30.8590 2018-12-13 10:46:48
Want to analyze US Dollar/New Taiwan Dollar USDTWD or another symbol? Try our Free Forex Trend Analysis Report.