Forex Trend Analysis Report
Prepared for you on Sunday, August 18, 2019.
New Taiwan Dollar/Icelandic Krona (FOREX:TWDISK)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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.
MarketClub’s Trade Triangles for TWDISK
The long term trend has been DOWN since Aug 5th, 2019 at 3.88015
The intermediate term trend has been DOWN since Jul 22nd, 2019 at 4.02275
The short term trend has been UP since Aug 8th, 2019 at 3.88800
Smart Scan Analysis for TWDISK
Based on a pre-defined weighted trend formula for chart analysis, TWDISK scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).