Forex Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
New Taiwan Dollar/Australian Dollar (FOREX:TWDAUD)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 TWDAUD
The long term trend has been DOWN since Jan 1st, 2020 at 0.04722198
The intermediate term trend has been UP since Jan 20th, 2020 at 0.04875878
The short term trend has been UP since Jan 20th, 2020 at 0.04848429
Smart Scan Analysis for TWDAUD
Based on a pre-defined weighted trend formula for chart analysis, TWDAUD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).