Forex Trend Analysis Report
Prepared for you on Wednesday, March 20, 2019.
New Taiwan Dollar/Japanese Yen (FOREX:TWDJPY)
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 TWDJPY
The long term trend has been DOWN since Dec 24th, 2018 at 3.57625
The intermediate term trend has been UP since Feb 12th, 2019 at 3.58570
The short term trend has been DOWN since Mar 19th, 2019 at 3.60595
Smart Scan Analysis for TWDJPY
Based on a pre-defined weighted trend formula for chart analysis, TWDJPY scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).