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Forex Trend Analysis Report

Prepared for you on Wednesday, January 29, 2020.

New Taiwan Dollar/Indian Rupee (FOREX:TWDINR)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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.

FOREX_TWDINR
Open High Low TWDINR Price Change
2.3676588 2.3703759 2.3653616 2.3686713 +0.0010120
Entry Signal

MarketClub’s Trade Triangles for TWDINR

long term up The long term trend has been UP since Aug 13th, 2019 at 2.2829000

intermediate term down The intermediate term trend has been DOWN since Jan 20th, 2020 at 2.3621707

short term down The short term trend has been DOWN since Jan 20th, 2020 at 2.3691202

Smart Scan Analysis for TWDINR

Based on a pre-defined weighted trend formula for chart analysis, TWDINR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for TWDINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.3676588 2.3703759 2.3653616 2.3686713 +0.0010120
Prev. Close Volume Bid Ask Time
2.3676588 2.3686546 2.3686879 2020-01-29 06:40:42
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