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Forex Trend Analysis Report

Prepared for you on Thursday, December 12, 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 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.

FOREX_JPYTWD
Open High Low JPYTWD Price Change
0.28145609 0.28145609 0.28145609 0.28145609 0.00000000
Entry Signal

MarketClub’s Trade Triangles for JPYTWD

long term down The long term trend has been DOWN since Sep 12th, 2019 at 0.28575500

intermediate term down The intermediate term trend has been DOWN since Nov 28th, 2019 at 0.27816438

short term up The short term trend has been UP since Dec 3rd, 2019 at 0.28019741

Smart Scan Analysis for JPYTWD

Based on a pre-defined weighted trend formula for chart analysis, JPYTWD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for JPYTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.28145609 0.28145609 0.28145609 0.28145609 0.00000000
Prev. Close Volume Bid Ask Time
0.27984251 0.27312605 0.28978613 2019-12-08 20:00:20
Want to analyze Japanese Yen/New Taiwan Dollar JPYTWD or another symbol? Try our Free Forex Trend Analysis Report.