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Forex Trend Analysis Report

Prepared for you on Monday, August 19, 2019.

New Taiwan Dollar/South Korean Won (FOREX:TWDKRW)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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.

FOREX_TWDKRW
Open High Low TWDKRW Price Change
38.6370 38.6615 38.5800 38.6125 -0.0245
Entry Signal

MarketClub’s Trade Triangles for TWDKRW

long term up The long term trend has been UP since Jul 13th, 2018 at 36.9915

intermediate term up The intermediate term trend has been UP since Jul 7th, 2019 at 37.7360

short term down The short term trend has been DOWN since Aug 14th, 2019 at 38.6560

Smart Scan Analysis for TWDKRW

Based on a pre-defined weighted trend formula for chart analysis, TWDKRW scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+85
Smart Scan Analysis for TWDKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
38.6370 38.6615 38.5800 38.6125 -0.0245
Prev. Close Volume Bid Ask Time
38.6370 38.5680 38.6570 2019-08-19 08:07:06
Want to analyze New Taiwan Dollar/South Korean Won TWDKRW or another symbol? Try our Free Forex Trend Analysis Report.