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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.

FOREX_USDTWD
Open High Low USDTWD Price Change
30.0700 30.1080 30.0630 30.0935 +0.0235
Entry Signal

MarketClub’s Trade Triangles for USDTWD

long term down The long term trend has been DOWN since Oct 9th, 2019 at 30.760

intermediate term up The intermediate term trend has been UP since Jan 26th, 2020 at 30.113

short term up 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).

+70
Smart Scan Analysis for USDTWD
Strong Downtrend Sideways 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
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