Forex Trend Analysis Report
Prepared for you on Sunday, January 19, 2020.
New Taiwan Dollar/South Korean Won (FOREX:TWDKRW)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 TWDKRW
The long term trend has been UP since Dec 3rd, 2019 at 39.124500
The intermediate term trend has been UP since Jan 7th, 2020 at 39.049002
The short term trend has been UP since Jan 16th, 2020 at 38.773048
Smart Scan Analysis for TWDKRW
Based on a pre-defined weighted trend formula for chart analysis, TWDKRW scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).