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Forex Trend Analysis Report
Prepared for you on Friday, January 17, 2020.
New Taiwan Dollar/US Dollar (FOREX:TWDUSD)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. 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.
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MarketClub’s Trade Triangles for TWDUSD
The long term trend has been UP since Oct 9th, 2019 at 0.03250900
The intermediate term trend has been UP since Sep 9th, 2019 at 0.03212100
The short term trend has been UP since Jan 7th, 2020 at 0.03337784
Smart Scan Analysis for TWDUSD
Based on a pre-defined weighted trend formula for chart analysis, TWDUSD scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.03340515 | 0.03342134 | 0.03336337 | 0.03338230 | -0.00002300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.03340515 | 0.03336559 | 0.03339902 | 2020-01-17 13:30:45 |