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Forex Trend Analysis Report

Prepared for you on Tuesday, October 23, 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
30.9600 30.9835 30.9505 30.9775 +0.0175
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 Oct 4th, 2018 at 30.85450

short term down The short term trend has been DOWN since Oct 22nd, 2018 at 30.86750

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
30.9600 30.9835 30.9505 30.9775 +0.0175
Prev. Close Volume Bid Ask Time
30.9600 30.9770 30.9780 2018-10-23 01:28:05
Want to analyze US Dollar/New Taiwan Dollar USDTWD or another symbol? Try our Free Forex Trend Analysis Report.