Forex Trend Analysis Report
Prepared for you on Sunday, May 26, 2019.
New Taiwan Dollar/British Pound (FOREX:TWDGBP)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 DOWN since Feb 26th, 2019 at 0.024573
The intermediate term trend has been UP since May 17th, 2019 at 0.025104
The short term trend has been DOWN since May 26th, 2019 at 0.024993
Smart Scan Analysis for TWDGBP
Based on a pre-defined weighted trend formula for chart analysis, TWDGBP scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).