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.
MarketClub’s Trade Triangles for TWDJPY
The long term trend has been UP since Sep 12th, 2019 at 3.5084000
The intermediate term trend has been UP since Aug 25th, 2019 at 3.4189000
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).