Forex Trend Analysis Report
Prepared for you on Thursday, May 23, 2019.
Singapore Dollar/New Taiwan Dollar (FOREX:SGDTWD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 May 5th, 2019 at 22.5905
The intermediate term trend has been UP since May 20th, 2019 at 22.8080
The short term trend has been DOWN since May 23rd, 2019 at 22.7765
Smart Scan Analysis for SGDTWD
Based on a pre-defined weighted trend formula for chart analysis, SGDTWD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).