Forex Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
Japanese Yen/New Taiwan Dollar (FOREX:JPYTWD)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 JPYTWD
The long term trend has been DOWN since Sep 12th, 2019 at 0.28575500
The intermediate term trend has been DOWN since Jan 9th, 2020 at 0.27431092
The short term trend has been DOWN since Jan 8th, 2020 at 0.27559358
Smart Scan Analysis for JPYTWD
Based on a pre-defined weighted trend formula for chart analysis, JPYTWD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).