Forex Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
New Taiwan Dollar/Swiss Franc (FOREX:TWDCHF)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 TWDCHF
The long term trend has been UP since Sep 12th, 2019 at 0.03198900
The intermediate term trend has been DOWN since Dec 30th, 2019 at 0.03231271
The short term trend has been UP since Jan 20th, 2020 at 0.03231024
Smart Scan Analysis for TWDCHF
Based on a pre-defined weighted trend formula for chart analysis, TWDCHF scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).