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.
MarketClub’s Trade Triangles for TWDINR
The long term trend has been UP since Aug 13th, 2019 at 2.2829000
The intermediate term trend has been DOWN since Jan 20th, 2020 at 2.3621707
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).