Forex Trend Analysis Report
Prepared for you on Sunday, August 18, 2019.
Japanese Yen/New Taiwan Dollar (FOREX:JPYTWD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 JPYTWD
The long term trend has been UP since Dec 24th, 2018 at 0.278820
The intermediate term trend has been UP since Aug 5th, 2019 at 0.288570
The short term trend has been UP since Aug 5th, 2019 at 0.286325
Smart Scan Analysis for JPYTWD
Based on a pre-defined weighted trend formula for chart analysis, JPYTWD scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).