Forex Trend Analysis Report
Prepared for you on Thursday, February 21, 2019.
Hong Kong Dollar/New Taiwan Dollar (FOREX:HKDTWD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 HKDTWD
The long term trend has been UP since Apr 25th, 2018 at 3.76380
The intermediate term trend has been UP since Feb 18th, 2019 at 3.93325
The short term trend has been DOWN since Feb 19th, 2019 at 3.91835
Smart Scan Analysis for HKDTWD
Based on a pre-defined weighted trend formula for chart analysis, HKDTWD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).