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Forex Trend Analysis Report

Prepared for you on Wednesday, January 29, 2020.

New Taiwan Dollar/Japanese Yen (FOREX:TWDJPY)

Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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.

FOREX_TWDJPY
Open High Low TWDJPY Price Change
3.6248618 3.6248618 3.6153972 3.6165878 -0.0082740
Entry Signal

MarketClub’s Trade Triangles for TWDJPY

long term up The long term trend has been UP since Sep 12th, 2019 at 3.5084000

intermediate term up The intermediate term trend has been UP since Aug 25th, 2019 at 3.4189000

short term down The short term trend has been DOWN since Jan 21st, 2020 at 3.6640424

Smart Scan Analysis for TWDJPY

Based on a pre-defined weighted trend formula for chart analysis, TWDJPY scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+55
Smart Scan Analysis for TWDJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.6248618 3.6248618 3.6153972 3.6165878 -0.0082740
Prev. Close Volume Bid Ask Time
3.6248618 3.6164672 3.6167083 2020-01-29 06:39:18
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