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Forex Trend Analysis Report

Prepared for you on Saturday, January 18, 2020.

New Taiwan Dollar/Swiss Franc (FOREX:TWDCHF)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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.

FOREX_TWDCHF
Open High Low TWDCHF Price Change
0.03220061 0.03231024 0.03216766 0.03225137 +0.00005100
Entry Signal

MarketClub’s Trade Triangles for TWDCHF

long term up The long term trend has been UP since Sep 12th, 2019 at 0.03198900

intermediate term down The intermediate term trend has been DOWN since Dec 30th, 2019 at 0.03231271

short term down The short term trend has been DOWN since Jan 14th, 2020 at 0.03246140

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).

-60
Smart Scan Analysis for TWDCHF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.03220061 0.03231024 0.03216766 0.03225137 +0.00005100
Prev. Close Volume Bid Ask Time
0.03220061 0.03223845 0.03226429 2020-01-17 17:14:40
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