Forex Trend Analysis Report
Prepared for you on Monday, October 14, 2019.
New Taiwan Dollar/Euro (FOREX:TWDEUR)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 TWDEUR
The long term trend has been UP since Aug 30th, 2019 at 0.029098
The intermediate term trend has been UP since Aug 29th, 2019 at 0.028890
The short term trend has been UP since Oct 8th, 2019 at 0.029525
Smart Scan Analysis for TWDEUR
Based on a pre-defined weighted trend formula for chart analysis, TWDEUR scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).