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Forex Trend Analysis Report

Prepared for you on Tuesday, August 21, 2018.

US Dollar/New Taiwan Dollar (FOREX:USDTWD)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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.

Open High Low USDTWD Price Change
30.7035 30.7185 30.6750 30.7090 +0.0055
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 up The intermediate term trend has been UP since Jun 15th, 2018 at 30.11200

short term down The short term trend has been DOWN since Aug 16th, 2018 at 30.77500

Smart Scan Analysis for USDTWD

Based on a pre-defined weighted trend formula for chart analysis, USDTWD scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for USDTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
30.7035 30.7185 30.6750 30.7090 +0.0055
Prev. Close Volume Bid Ask Time
30.7035 30.6940 30.7240 2018-08-21 07:37:03
Want to analyze US Dollar/New Taiwan Dollar USDTWD or another symbol? Try our Free Forex Trend Analysis Report.