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.
MarketClub’s Trade Triangles for KRWTWD
The long term trend has been DOWN since Dec 2nd, 2019 at 2.5626000
The intermediate term trend has been DOWN since Jan 6th, 2020 at 2.5682709
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).