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.
MarketClub’s Trade Triangles for USDTWD
The long term trend has been UP since May 2nd, 2018 at 29.74625
The intermediate term trend has been UP since Jun 15th, 2018 at 30.11200
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).