Forex Trend Analysis Report
Prepared for you on Monday, December 9, 2019.
New Taiwan Dollar/Danish Krone (FOREX:TWDDKK)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 TWDDKK
The long term trend has been UP since Aug 1st, 2019 at 0.21592000
The intermediate term trend has been DOWN since Dec 3rd, 2019 at 0.22127471
The short term trend has been DOWN since Dec 3rd, 2019 at 0.22232015
Smart Scan Analysis for TWDDKK
Based on a pre-defined weighted trend formula for chart analysis, TWDDKK scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).