Forex Trend Analysis Report
Prepared for you on Sunday, June 16, 2019.
South Korean Won/New Taiwan Dollar (FOREX:KRWTWD)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 KRWTWD
The long term trend has been DOWN since Jul 13th, 2018 at 2.70330
The intermediate term trend has been UP since May 27th, 2019 at 2.65490
The short term trend has been UP since Jun 11th, 2019 at 2.66175
Smart Scan Analysis for KRWTWD
Based on a pre-defined weighted trend formula for chart analysis, KRWTWD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).