Forex Trend Analysis Report
Prepared for you on Sunday, January 19, 2020.
Singapore Dollar/New Taiwan Dollar (FOREX:SGDTWD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 SGDTWD
The long term trend has been DOWN since Aug 1st, 2019 at 22.557000
The intermediate term trend has been DOWN since Jun 21st, 2019 at 22.819000
The short term trend has been UP since Jan 16th, 2020 at 22.252945
Smart Scan Analysis for SGDTWD
Based on a pre-defined weighted trend formula for chart analysis, SGDTWD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).