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Forex Trend Analysis Report

Prepared for you on Friday, September 20, 2019.

New Taiwan Dollar/Danish Krone (FOREX:TWDDKK)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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.

FOREX_TWDDKK
Open High Low TWDDKK Price Change
0.218515 0.218515 0.218515 0.218515 0.000000
Entry Signal

MarketClub’s Trade Triangles for TWDDKK

long term up The long term trend has been UP since Aug 1st, 2019 at 0.21592

intermediate term up The intermediate term trend has been UP since Sep 1st, 2019 at 0.21529

short term up The short term trend has been UP since Aug 15th, 2019 at 0.21260

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).

+70
Smart Scan Analysis for TWDDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.218515 0.218515 0.218515 0.218515 0.000000
Prev. Close Volume Bid Ask Time
0.217965 0.212130 0.224900 2019-09-18 20:37:16
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