Forex Trend Analysis Report
Prepared for you on Wednesday, April 24, 2019.
New Taiwan Dollar/Swiss Franc (FOREX:TWDCHF)
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 TWDCHF
The long term trend has been DOWN since Jan 8th, 2019 at 0.031781
The intermediate term trend has been UP since Apr 11th, 2019 at 0.032516
The short term trend has been UP since Apr 11th, 2019 at 0.032511
Smart Scan Analysis for TWDCHF
Based on a pre-defined weighted trend formula for chart analysis, TWDCHF scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).