Forex Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
New Taiwan Dollar/Canadian Dollar (FOREX:TWDCAD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 TWDCAD
The long term trend has been UP since Sep 13th, 2019 at 0.04302200
The intermediate term trend has been UP since Jan 22nd, 2020 at 0.04380446
The short term trend has been DOWN since Jan 29th, 2020 at 0.04367338
Smart Scan Analysis for TWDCAD
Based on a pre-defined weighted trend formula for chart analysis, TWDCAD scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).