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Forex Trend Analysis Report

Prepared for you on Friday, February 22, 2019.

Chinese Renminbi Yuan/New Taiwan Dollar (FOREX:CNYTWD)

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_CNYTWD
Open High Low CNYTWD Price Change
4.54625 4.54625 4.54625 4.54625 0.00000
Entry Signal

MarketClub’s Trade Triangles for CNYTWD

long term up The long term trend has been UP since Jan 2nd, 2019 at 4.49465

intermediate term up The intermediate term trend has been UP since Nov 21st, 2018 at 4.46300

short term up The short term trend has been UP since Feb 21st, 2019 at 4.56490

Smart Scan Analysis for CNYTWD

Based on a pre-defined weighted trend formula for chart analysis, CNYTWD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for CNYTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.54625 4.54625 4.54625 4.54625 0.00000
Prev. Close Volume Bid Ask Time
4.54625 4.41560 4.67690 2019-02-22 02:54:51
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