Analyze Symbol
Forex Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
US Dollar/New Taiwan Dollar (FOREX:USDTWD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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.
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MarketClub’s Trade Triangles for USDTWD
The long term trend has been DOWN since Oct 9th, 2019 at 30.760
The intermediate term trend has been UP since Jan 26th, 2020 at 30.113
The short term trend has been UP since Jan 17th, 2020 at 29.964
Smart Scan Analysis for USDTWD
Based on a pre-defined weighted trend formula for chart analysis, USDTWD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 30.0700 | 30.1080 | 30.0630 | 30.0935 | +0.0235 |
| Prev. Close | Volume | Bid | Ask | Time |
| 30.0700 | 30.0930 | 30.0940 | 2020-01-29 05:57:34 |