Forex Trend Analysis Report
Prepared for you on Sunday, January 19, 2020.
New Taiwan Dollar/Swedish Krona (FOREX:TWDSEK)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management 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 TWDSEK
The long term trend has been UP since Feb 6th, 2019 at 0.29672000
The intermediate term trend has been UP since Jan 5th, 2020 at 0.31424317
The short term trend has been DOWN since Jan 14th, 2020 at 0.31664667
Smart Scan Analysis for TWDSEK
Based on a pre-defined weighted trend formula for chart analysis, TWDSEK scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).