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.
MarketClub’s Trade Triangles for CNYTWD
The long term trend has been UP since Jan 2nd, 2019 at 4.49465
The intermediate term trend has been UP since Nov 21st, 2018 at 4.46300
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).