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Forex Trend Analysis Report

Prepared for you on Wednesday, January 29, 2020.

Hong Kong Dollar/New Taiwan Dollar (FOREX:HKDTWD)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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.

FOREX_HKDTWD
Open High Low HKDTWD Price Change
3.8733830 3.8733830 3.8721172 3.8721172 -0.0012660
Entry Signal

MarketClub’s Trade Triangles for HKDTWD

long term down The long term trend has been DOWN since Sep 12th, 2019 at 3.9626500

intermediate term up The intermediate term trend has been UP since Jan 23rd, 2020 at 3.8718703

short term up The short term trend has been UP since Jan 23rd, 2020 at 3.8714724

Smart Scan Analysis for HKDTWD

Based on a pre-defined weighted trend formula for chart analysis, HKDTWD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for HKDTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.8733830 3.8733830 3.8721172 3.8721172 -0.0012660
Prev. Close Volume Bid Ask Time
3.8733830 3.7554038 3.9888305 2020-01-28 21:00:51
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