Forex Trend Analysis Report
Prepared for you on Thursday, June 20, 2019.
Australian Dollar/New Taiwan Dollar (FOREX:AUDTWD)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend 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 AUDTWD
The long term trend has been DOWN since Dec 24th, 2018 at 21.7445
The intermediate term trend has been DOWN since Jun 16th, 2019 at 21.7705
The short term trend has been DOWN since Jun 6th, 2019 at 21.8140
Smart Scan Analysis for AUDTWD
Based on a pre-defined weighted trend formula for chart analysis, AUDTWD scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).