Forex Trend Analysis Report
Prepared for you on Friday, September 20, 2019.
Swiss Franc/New Taiwan Dollar (FOREX:CHFTWD)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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 CHFTWD
The long term trend has been DOWN since Sep 12th, 2019 at 31.3035
The intermediate term trend has been DOWN since Sep 2nd, 2019 at 31.7500
The short term trend has been DOWN since Aug 18th, 2019 at 32.1480
Smart Scan Analysis for CHFTWD
Based on a pre-defined weighted trend formula for chart analysis, CHFTWD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).