Forex Trend Analysis Report
Prepared for you on Saturday, November 16, 2019.
New Taiwan Dollar/Hong Kong Dollar (FOREX:TWDHKD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 TWDHKD
The long term trend has been UP since Sep 12th, 2019 at 0.25436000
The intermediate term trend has been UP since Aug 23rd, 2019 at 0.25282000
The short term trend has been DOWN since Nov 12th, 2019 at 0.25677195
Smart Scan Analysis for TWDHKD
Based on a pre-defined weighted trend formula for chart analysis, TWDHKD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).