Forex Trend Analysis Report
Prepared for you on Friday, September 20, 2019.
New Taiwan Dollar/British Pound (FOREX:TWDGBP)
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.
MarketClub’s Trade Triangles for TWDGBP
The long term trend has been UP since Jun 3rd, 2019 at 0.025177
The intermediate term trend has been DOWN since Aug 27th, 2019 at 0.025967
The short term trend has been DOWN since Sep 18th, 2019 at 0.025854
Smart Scan Analysis for TWDGBP
Based on a pre-defined weighted trend formula for chart analysis, TWDGBP scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).