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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.

FOREX_TWDJPY
Open High Low TWDJPY Price Change
3.62290 3.62415 3.61910 3.62145 -0.00145
Entry Signal

MarketClub’s Trade Triangles for TWDJPY

long term down The long term trend has been DOWN since Dec 24th, 2018 at 3.57625

intermediate term up The intermediate term trend has been UP since Feb 12th, 2019 at 3.58570

short term down 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).

-55
Smart Scan Analysis for TWDJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.62290 3.62415 3.61910 3.62145 -0.00145
Prev. Close Volume Bid Ask Time
3.62290 3.62130 3.62160 2019-03-20 09:08:07
Want to analyze New Taiwan Dollar/Japanese Yen TWDJPY or another symbol? Try our Free Forex Trend Analysis Report.