Forex Trend Analysis Report
Prepared for you on Tuesday, March 26, 2019.
Euro/New Taiwan Dollar (FOREX:EURTWD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 EURTWD
The long term trend has been DOWN since Nov 1st, 2018 at 35.090
The intermediate term trend has been DOWN since Feb 6th, 2019 at 35.112
The short term trend has been UP since Mar 17th, 2019 at 34.951
Smart Scan Analysis for EURTWD
Based on a pre-defined weighted trend formula for chart analysis, EURTWD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).