Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Tuesday, January 21, 2020.

South Korean Won/New Taiwan Dollar (FOREX:KRWTWD)

Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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_KRWTWD
Open High Low KRWTWD Price Change
2.5646930 2.5833818 2.5581897 2.5814213 +0.0167280
Entry Signal

MarketClub’s Trade Triangles for KRWTWD

long term down The long term trend has been DOWN since Dec 2nd, 2019 at 2.5626000

intermediate term down The intermediate term trend has been DOWN since Jan 6th, 2020 at 2.5682709

short term up The short term trend has been UP since Jan 20th, 2020 at 2.5912171

Smart Scan Analysis for KRWTWD

Based on a pre-defined weighted trend formula for chart analysis, KRWTWD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-75
Smart Scan Analysis for KRWTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.5646930 2.5833818 2.5581897 2.5814213 +0.0167280
Prev. Close Volume Bid Ask Time
2.5646930 2.5039841 2.6588584 2020-01-21 21:16:12
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