Analyze Symbol
Forex Trend Analysis Report
Prepared for you on Tuesday, July 16, 2019.
South Korean Won/New Taiwan Dollar (FOREX:KRWTWD)
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.
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MarketClub’s Trade Triangles for KRWTWD
The long term trend has been DOWN since Jul 13th, 2018 at 2.70330
The intermediate term trend has been DOWN since Jul 8th, 2019 at 2.64865
The short term trend has been UP since Jul 16th, 2019 at 2.64085
Smart Scan Analysis for KRWTWD
Based on a pre-defined weighted trend formula for chart analysis, KRWTWD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.63875 | 2.64890 | 2.63515 | 2.63855 | -0.00020 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.63875 | 2.56290 | 2.71420 | 2019-07-16 12:09:21 |