Forex Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
Singapore Dollar/New Taiwan Dollar (FOREX:SGDTWD)
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.
MarketClub’s Trade Triangles for SGDTWD
The long term trend has been DOWN since Aug 1st, 2019 at 22.557
The intermediate term trend has been DOWN since Jun 21st, 2019 at 22.819
The short term trend has been UP since Sep 20th, 2019 at 22.562
Smart Scan Analysis for SGDTWD
Based on a pre-defined weighted trend formula for chart analysis, SGDTWD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).