Forex Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
Chinese Yuan Renminbi/New Taiwan Dollar (FOREX:CNYTWD)
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 CNYTWD
The long term trend has been UP since Jan 19th, 2020 at 4.3595077
The intermediate term trend has been UP since Jan 16th, 2020 at 4.3282994
The short term trend has been DOWN since Jan 22nd, 2020 at 4.3372765
Smart Scan Analysis for CNYTWD
Based on a pre-defined weighted trend formula for chart analysis, CNYTWD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).